Central and Eastern Europe’s dependence on Russian gas, western CIS transit states and the quest for diversification through the Southern Corridor
No 201, IWE Working Papers from Institute for World Economics - Centre for Economic and Regional Studies- Hungarian Academy of Sciences
Central and East European countries have expressed strong fears about Russian gas but did little to reduce dependence. However, recently some progress has been made in the diversification and increasing security of supply. The Russo–Ukrainian gas crisis in early 2009, together with the period since 2008, help to illustrate the different opportunities each country faces, i.e. to what extent they could have taken advantage of the benefits of the changed market environment. For the Central and East European consumers, the focus is mainly on pricing, and the anti-trust probe launched by the European Commission against Gazprom stresses the crucial importance of this issue. Despite much criticism, the EU has taken a few steps that may help mitigate the fear of Russian influence.
Keywords: gaz business; fuel; Central and Eastern Europe; Russia (search for similar items in EconPapers)
JEL-codes: F1 F2 F5 Q43 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:iwe:workpr:201
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