Energy Governance: EU-Russia Gas Exchanges

Catherine Locatelli ()
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Catherine Locatelli: GAEL - Laboratoire d'Economie Appliquée de Grenoble - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - UGA - Université Grenoble Alpes - Grenoble INP - Institut polytechnique de Grenoble - Grenoble Institute of Technology - UGA - Université Grenoble Alpes

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Abstract: Strong and lasting interdependencies exist between the EU and Russia concerning natural gas exchanges. They imply some questions about energy security from both parties. One could have expected the setting up of more or less institutionalized governance structures – as an institutional system of rules – allowing the management of risks and externalities linked to this interdependence. On both sides, there is a willingness to cooperate. However, to date, the institutional gap between the supply and demand of the cooperation is a constraint to define a governance structure. The question is to know if international standards based on rules generated by the EU are consistent with Russia's institutional environment. The competitive logic and the regulation on which the EU energy policy is founded conflict with the institutional specificities of the Russian economy.

Date: 2021-08-01
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Published in A. Marciano; R. Battista. Encyclopedia of Law and Economics, Springer, 2021, 978-1-4614-7883-6. ⟨10.1007/978-1-4614-7883-6_690-2⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03325225

DOI: 10.1007/978-1-4614-7883-6_690-2

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