BRICS on the African Energy Market: Current Situation and Prospects for Mutual Cooperation

Olga V. Panina, Anna A. Bakulina, Lyubov A. Ploticyna and Natalia L. Krasyukova
Additional contact information
Olga V. Panina: Department of Public Administration and Municipal Management, Financial University Under the Government of the Russian Federation, Moscow, Russia.
Anna A. Bakulina: Department of Public Administration and Municipal Management, Financial University Under the Government of the Russian Federation, Moscow, Russia.
Lyubov A. Ploticyna: Department of Public Administration and Municipal Management, Financial University Under the Government of the Russian Federation, Moscow, Russia.
Natalia L. Krasyukova: Department of Public Administration and Municipal Management, Financial University Under the Government of the Russian Federation, Moscow, Russia.

International Journal of Energy Economics and Policy, 2020, vol. 10, issue 4, 93-101

Abstract: The African energy market is one of the developing markets in search of foreign investments. The traditional investors, the EU and the USA, follow a policy inconsistent with the current situation the emergence of new competitors, the BRICS countries. The purpose of the article is to assess the influence of the BRICS countries on the African energy market and to identify the extent of this influence. To this end, the authors have developed the presence index composed of the main indicators of the country s participation in the African energy market. The results are then interpreted, in order to reveal the most effective strategy of the BRICS energy cooperation on African issues. The authors have identified the main specific features of the energy market in Africa and the main characteristics of the energy strategies proposed to African countries by the main players on the energy market (including the EU and the USA). This allows to develop a strategy for African countries regarding the development of their national markets. The main hypothesis of the article is that the African economies should diversify their portfolio of energy sector investments, but introducing only those strategies that contribute to the growth of their economy.

Keywords: Africa; energy; BRICS; strategy; green energy; development (search for similar items in EconPapers)
JEL-codes: O55 Q40 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/9160/5107 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/9160/5107 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2020-04-13

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().