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Central and Eastern Europe’s dependence on Russian gas, western CIS transit states and the quest for diversification through the Southern Corridor

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  • Csaba Weiner

    (Institute of World Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences)

Abstract

Central and East European countries have expressed strong fears about Russian gas but did little to reduce dependence. However, recently some progress has been made in the diversification and increasing security of supply. The Russo–Ukrainian gas crisis in early 2009, together with the period since 2008, help to illustrate the different opportunities each country faces, i.e. to what extent they could have taken advantage of the benefits of the changed market environment. For the Central and East European consumers, the focus is mainly on pricing, and the anti-trust probe launched by the European Commission against Gazprom stresses the crucial importance of this issue. Despite much criticism, the EU has taken a few steps that may help mitigate the fear of Russian influence.

Suggested Citation

  • Csaba Weiner, 2013. "Central and Eastern Europe’s dependence on Russian gas, western CIS transit states and the quest for diversification through the Southern Corridor," IWE Working Papers 201, Institute for World Economics - Centre for Economic and Regional Studies.
    • Handle: RePEc:iwe:workpr:201
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    File URL: https://vgi.krtk.hu/publikacio/no-201-2013-05/
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    References listed on IDEAS

    as
    1. Chi Kong Chyong & Pierre No?l & David M. Reiner, 2010. "The Economics of the Nord Stream Pipeline System," Working Papers EPRG 1026, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
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    Cited by:

    1. Kalman Kalotay & Andrea Elteto & Magdolna Sass & Csaba Weiner, 2014. "Russian capital in the Visegrád countries," IWE Working Papers 210, Institute for World Economics - Centre for Economic and Regional Studies.

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    More about this item

    Keywords

    gaz business; fuel; Central and Eastern Europe; Russia;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F2 - International Economics - - International Factor Movements and International Business
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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