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Competition and Security of Supply: Let Russia Buy into the European Gas Market!

Author

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  • Bolle, Friedel
  • Ruban, Rostyslav

Abstract

We propose a model of the European gas market where the risk that Russian deliveries are interrupted is endogenized. While Russia's attempts to buy considerable parts of the European downstream industry have faced strong political opposition, we argue that Russian participation in the downstream market would decrease consumer prices and increase the security of supply.

Suggested Citation

  • Bolle, Friedel & Ruban, Rostyslav, 2007. "Competition and Security of Supply: Let Russia Buy into the European Gas Market!," Discussion Papers 258, European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics.
    • Handle: RePEc:zbw:euvwdp:258
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    File URL: https://www.econstor.eu/bitstream/10419/23826/1/258_Bolle_Ruban.pdf
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    References listed on IDEAS

    as
    1. Christian von Hirschhausen & Berit Meinhart & Ferdinand Pavel, 2005. "Transporting Russian Gas to Western Europe A Simulation Analysis," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 49-68.
    2. Christian Egenhofer & Kyriakos Gialoglou & Giacomo Luciani & Maroeska Boots & Martin Scheepers & Valeria Costantini & Francesco Gracceva & Anil Markandya & Giorgio Vicini, 2004. "Market-based Options for Security of Energy Supply," Working Papers 2004.117, Fondazione Eni Enrico Mattei.
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    Cited by:

    1. Chyong, Chi Kong & Hobbs, Benjamin F., 2014. "Strategic Eurasian natural gas market model for energy security and policy analysis: Formulation and application to South Stream," Energy Economics, Elsevier, vol. 44(C), pages 198-211.

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