Energy Integration in Eurasian Economic Union: Preliminary Study on Progress and Policy Implications

Elena Shadrina
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Elena Shadrina: Waseda University

Chapter Chapter 8 in 30 Years since the Fall of the Berlin Wall, 2020, pp 151-190 from Palgrave Macmillan

Abstract: Abstract The chapter examines the ongoing energy integration in the Eurasian Economic Union. Not being comparative in a strict sense, the chapter draws relative perspectives on the Eurasian Common Energy Markets vis-à-vis the Energy Union in the European Union. Implemented upon the theory of institutions, the analysis demonstrates the differences between the ideas, interests and institutional environments underpinning the Eurasian and European energy integrations. The chapter shows that the Eurasian common energy markets are influenced by the member states’ self-interested interpretation of traditional ideas for energy integration. The Eurasian supranational institutions are designed upon the established national contexts of limited access order. The European Energy Union is inspired by novel ideas and new institutional solutions propagating authentic energy integration. Given the importance of the Eurasian energy suppliers to the European Union, the chapter speculates about the prospective interaction between the two energy integrations and contemplates possible institutional transformations to enable such cooperation.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-981-15-0317-7_8

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DOI: 10.1007/978-981-15-0317-7_8

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