Transnational Gas Markets and Euro-Russian Energy Relations

Издательство: Palgrave Macmillan UK

ISBN: 978-1-137-48297-6

In this book Andrei V. Belyi analyses how transnational gas markets have evolved and impacted on EU-Russia energy relations. He details how the shale gas revolution has exposed gas markets to new practices and norms, and made them more market-oriented. At the same time, he examines how Euro-Russian energy ties have become locked in path dependence patterns, and demonstrates how the political conflict in Ukraine has turned energy interdependence into a political instrument. This politicisation, in turn, has stimulated a willingness to pay for alternative projects, which stand outside of recent trends in transnational gas markets. This paradoxical situation, Belyi concludes, reflects deep rooted contradictions between political and economic factors in international political economy.