New Political Economy of Energy in Europe

Power to Project, Power to Adapt

  • Jakub M. Godzimirski

Part of the International Political Economy Series book series (IPES)

Table of contents

  1. Front Matter
    Pages i-xxi
  2. Jakub M. Godzimirski, Ole Gunnar Austvik
    Pages 1-24
  3. Inside Out: Projecting EU Rules and Ideas

  4. Outside In: National Adaptations

  5. Back Matter
    Pages 255-267

About this book


This edited collection details and analyses the dramatic changes that the international political economy of energy has undergone in the past decade. This change began with the increasing assertiveness of Russia when the oil price rose above the $100 mark in 2008. This, combined with the rise of shale oil and gas, made the USA all but self-sufficient in terms of fossil fuels. The collapse of the oil price in 2014-15, Saudi Arabia’s new strategy of defending its market share and the increasingly tense and controversial relationship between the West and Russia all worked to further strengthen the geopolitical dimension of energy in Europe. The global result is a world in which geopolitics play a bigger part than ever before; the central question the authors of this volume grapple with is how the EU – and European small states – can deal with this.

Jakub M. Godzimirski is Research Professor at the Norwegian Institute of International Affairs (NUPI) in Oslo, Norway. He has been working on Russian foreign and security policy issues at NUPI for more than 20 years, paying special attention to the role of energy resources in Russian grand strategy. In addition he has worked on European policy and its impact on developments in Central and Eastern Europe, including Russian-European relations.

Chapter 4 of this book is available open access under a CC BY 4.0 license at


Russia Norway Energy Decarbonized Energy Fossil Fuels Globalization The European Union International Energy Governance Poland The Baltics The World Economic Forum The Middle East The Global Oil Trade The Global Gas Trade Germany Regulatory Europe Market Power Europe Wind Power Natural Gas Shale Oil

Editors and affiliations

  • Jakub M. Godzimirski
    • 1
  1. 1.Norwegian Institute of International Affairs (NUPI)OsloNorway

Bibliographic information

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