Russian and Caspian Hydrocarbons: Energy Supply Stakes for the European Union

Catherine Locatelli

Europe-Asia Studies, 2010, vol. 62, issue 6, 959-971

Abstract: The issue of EU gas supply security has become more and more important in the 2000s in the context of gas market liberalisation and the question of the reliability of Russia as a supplier. One answer to these problems is EU gas diversification, specifically the opening up of a fourth gas corridor to supply the EU with gas from Central Asia via the ‘Caucasus’ or ‘southern’ route. The feasibility of this strategy might now be called into question. This article reviews the new strategies that could emerge in the producing countries as well as those of international oil companies, and then examines what the consequences might be as far as the EU's diversification strategy is concerned. The article identifies some of the problems and limits of these strategies.

Date: 2010
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DOI: 10.1080/09668136.2010.489264

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