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Russian and European gas interdependence. Can market forces balance out geopolitics?

Dominique Finon and Catherine Locatelli ()
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Dominique Finon: CIRED - centre international de recherche sur l'environnement et le développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique
Catherine Locatelli: LEPII-EDDEN - équipe EDDEN - LEPII - Laboratoire d'Economie de la Production et de l'Intégration Internationale - UPMF - Université Pierre Mendès France - Grenoble 2 - CNRS - Centre National de la Recherche Scientifique

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Abstract: This article analyses the economic risk associated with the dominant position of the Russian vendor in the European market, with a view to assessing the relevance of possible responses by European nations or the EU. It considers various aspects of the Russian vendor's dependence on the European market, before turning to the risks that Gazprom exerts market power on the European market. It concludes by considering the relevance of the possible responses open to the EU and member states to limit any risks by creating a gas single buyer or more simply by encouraging the development of a denser pan-European network, with additional sources of supply and increased market integration.

Keywords: GAZPROM; INTERNATIONAL GAS MARKET; DEPENDENCE; EUROPEAN GAS MARKET; DEPENDANCE ENERGETIQUE; MARCHE INTERNATIONAL; GAZ NATUREL; MARCHE GAZIER EUROPEEN (search for similar items in EconPapers)
Date: 2008-01
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00129618v2
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Published in Energy Policy, 2008, 36 (1), pp.423-442

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