Skip to main content
SpringerLink
Log in

Russian External Energy Strategy: Opportunities and Constraints

  • Chapter
Dynamics of Energy Governance in Europe and Russia

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

Abstract

Russia is an important global economic player and a major producer of raw materials. Its energy policy is shaped by various actors and by structural (mostly market-related) factors over which those actors have only limited influence. This study has two key foci: the relationship between state energy policies and international markets, which is the main theme in the study of international political economy (Gilpin 1987, 2001), and the relations between the Russian state and Gazprom as interpreted through the principal-agent theory (Eisenhardt 1989). The approach here is interdisciplinary, with elements from foreign policy analysis, strategic studies and international political economy.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Bibliography

  • Abdullayev, Teymur (2011) ‘Dogovornyy gaz’, Rossiyskaya gazeta, 21 February, at http://www.rg.ru/2011/02/21/gazzz-site.html, accessed June 2011.

    Google Scholar 

  • Amos, Howard (2011) ‘Oil and gas head up and east’, Moscow Times, 18 January.

    Google Scholar 

  • Belyi, Andrey (2009) Why a Political Accord is Needed to Make EU–Russia Energy Relations Work. Madrid: Elcano Royal Institute, at www.realinstitutoelcano.org.

    Google Scholar 

  • BGR (2009) Energy Resources 2009. Hannover: Bundesanstalt für Geowissenschaften und Rohstoffe.

    Google Scholar 

  • BGR (2010) Reserven, Ressourcen und Verfügbarkeit von Energierohstoffen. Hannover: Bundesanstalt für Geowissenschaften und Rohstoffe.

    Google Scholar 

  • Buckley, Neil and Tobias Buck (2006) ‘Duma votes for Russian gas export monopoly’, Financial Times, 16 June, at http://www.ft.com/cms/s/f042c74afd59–11da-9b2d-0000779e2340.html, accessed 15 April 2011.

  • Clark, Andrew and Tim Webb (2011) ‘American hostility grows over BP’s deal with Russian state oil company’, The Observer (UK), 16 January.

    Google Scholar 

  • Dickel, Ralf (2009) ‘Energy interdependence between EU and Russia: Security of supply/security of demand’, presentation prepared by Energy Charter Secretariat for CEPS, at http://www.ceps.eu/files/2Dickel.pdf, accessed 15 April 2011.

    Google Scholar 

  • EIA (2011) World Shale Gas Resources: An Initial Assessment of 14 Regions Outside the USA. Washington, DC: U.S. Energy Information Administration.

    Google Scholar 

  • Eisenhardt, Kathleen M. (1989) ‘Agency theory: An assessment and review’, Academy of Management Review, 4 (1), pp. 57–74.

    Google Scholar 

  • Energy Charter Secretariat (2007) ‘Putting a price on energy: International pricing mechanisms for oil and gas’, URL http://www.encharter.org/index.php?id=218andL=0, accessed November 2011.

    Google Scholar 

  • European Commission (2008) ‘Europe’s current and future energy position. Demand–resources–investments’. Brussels, 13 November, at http://ec.europa.eu/energy/strategies/2008/doc/2008_11_ser2/strategic_energy_review_wd_future_position2.pdf, accessed 15 April 2011.

    Google Scholar 

  • Gazprom (2009) IFRS consolidated financial report for the year ended 31 December 2009. Moscow: Gazprom, at http://www.gazprom.ru/f/posts/28/135151/ifrs_rus_12m2009.pdf, accessed 15 April 2011.

    Google Scholar 

  • Gazprom (2010) Board of Directors discussed the perspective of transition to liberal gas pricing strategy. Moscow: Gazprom. at http://gazprom.ru/press/news/2010/april/article97630/, accessed 21 April 2011.

    Google Scholar 

  • Gilpin, Robert (1987) The Political Economy of International Relations. Princeton, NJ: Princeton University Press.

    Google Scholar 

  • Gilpin, Robert (2001) Global Political Economy: Understanding the International Economic Order. Princeton, NJ: Princeton University Press.

    Google Scholar 

  • GKS (2011) O sostoyanii vneshney torgovli v 2010, at http://www.gks.ru/bgd/free/b04_03/IssWWW.exe/Stg/d01/31.htm, accessed 15 April 2011.

    Google Scholar 

  • Goble, Paul (2011) ‘Window on Eurasia: Medvedev says Egyptian scenario won’t happen in Russia, but not everyone agrees’, Johnson Russia List 2011#34.

    Google Scholar 

  • Godzimirski, Jakub M. (2009) ‘Energy security and the politics of identity’, in Gunnar Fermann (ed.) Political Economy of Energy in Europe: Forces of Fragmentation and Integration. Berlin: Berliner Wissenschafts Verlag, pp. 173–206.

    Google Scholar 

  • Godzimirski, Jakub M. (2011) ‘Nord stream: Globalization in the pipeline’, in Elana Wilson Rowe and Julie Wilhelmsen (eds) Russia’s Encounter with Globalization. London: Palgrave Macmillan, pp. 159–184.

    Google Scholar 

  • Goldthau, Andreas (2008) ‘Resurgent Russia? Rethinking Energy Inc.’, Policy Review 147: 53–63, at http://www.hoover.org/publications/policy-review/article/5714, accessed 15 April 2011.

    Google Scholar 

  • Grib, Nataliya, Dmitriy Butrin and Yevgeniy Belov (2010) ‘Belorussiyu povyshli v zadolzhennosti (Belarus Owes More)’, Kommersant, 16 June, at http://www.kommersant.ru/doc/1387161, accessed 16 April 2011.

    Google Scholar 

  • Gromov, Alexey (2010) ‘Russian gas project up to period 2030: Myth or reality?’, presentation given at Baden-Baden group meeting in Prague 25–26 April, at http://www.energystrategy.ru/ab_ins/source/Gromov(WIEN_24-27.04.10).ppt, accessed 16 April 2011.

    Google Scholar 

  • Gromov, Alexey (2011) ‘Roadmap of cooperation between Russia and the European Union in the energy sector until 2050’, presentation at the EU–Russia Energy Dialogue meeting in Brussels, 18 February, at http://www.energystrategy.ru/ab_ins/source/EU_Russia_Roadmap_Gromov18.02.10.ppt, accessed 16 April 2011.

    Google Scholar 

  • Hill, Fiona (2004) Energy Empire: Oil, Gas and Russia’s Revival. London: The Foreign Policy Centre.

    Google Scholar 

  • Honore, Anouk (2011) Economic Recession and Natural Gas Demand in Europe: What Happened in 2008–2010? Oxford: Oxford Institute for Energy Studies.

    Google Scholar 

  • Horowitz, Brook (2011) ‘BP can improve Rosneft’s corporate culture’, Moscow Times, 20 January.

    Google Scholar 

  • Houssin, Didier (2009) ‘Global energy markets: Key trends and strategic challenges’, presentation at CEPS Task Force on Energy Security, 4 March, Brussels.

    Google Scholar 

  • Institute of Energy Strategy (2010) Kontseptsiya foresayta mirovoy energetiki do 2050, at http://www.energystrategy.ru/ab_ins/source/project-2050_12.02.10.ppt, accessed 16 April 2011.

    Google Scholar 

  • International Energy Agency (IEA) (2007) ‘Mind the gap’, at http://www.iea.org/textbase/nppdf/free/2007/mind_the_gap.pdf, accessed 15 April 2011.

    Google Scholar 

  • Keohane, Robert O. (2009) ‘The old IPE and the new’, Review of International Political Economy, 16 (1): 34–46.

    Article  Google Scholar 

  • Khodov, Ivan (2010) ‘Mirovoy krizis i rossiyskiy gaz. Eksport rossiyskogo gaza w Germaniyu. dolgosrochnyye faktory padeniya sprosa’, Svobodnaya Mysl, 12: 91–106.

    Google Scholar 

  • Komkov, Nikolay, Maria Krotova and Boris Titov (2010) Analysis of Conditions and Mechanisms of Liberalization of Natural Gas Market, at http://institutiones.com/industry/1364-rynok-prirodnogo-gaza.html, accessed 21 April 2011.

    Google Scholar 

  • Kwiatkowska–Drozdz, Anna (2011) ‘The natural resources deficit: The implications for German politics’, OSW Commentary, 46, URL: http://www.osw.waw.pl/en/publikacje/osw-commentary/2011-02-08/natural-resources-deficitimplications-german-politics, accessed November 2011.

    Google Scholar 

  • Latukhina, Kira (2011) ‘Dialog bez granits’, Rossiyskaya gazeta, 25 February, at http://www.rg.ru/2011/02/25/putin.html, accessed 21 April 2011.

    Google Scholar 

  • Leonard, Mark and Nicu Popescu (2007) A Power Audit of EU–Russia Relations, Policy Paper. Brussels: European Council on Foreign Relations.

    Google Scholar 

  • Mason, Rowena (2011) ‘Gazprom feels the heat as its gas market dominance is threatened’, Daily Telegraph, 22 February.

    Google Scholar 

  • Mezhregiongas (2011a) About Broker Board, Moscow: Mezhregiongas, at http://www.mrg.ru/etp_about, accessed 21 April 2011.

    Google Scholar 

  • Mezhregiongas (2011b) List of Contractors Participating in Express Delivery Trade. Moscow: Mezhregiongas, at http://www.mrg.ru/etp_contragents_list, accessed 21 April 2011.

    Google Scholar 

  • Mitrova, Tatyana (2010) ‘The Russian energy strategy and Europe: A Russian view’, Energy Research Institute RAS, presentation given at NUPI’s annual conference on 15 October, Oslo.

    Google Scholar 

  • Mitrova, Tatyana (2011) ‘Strategy of the Russian energy sector development with its implication for the technologies’, Center for International Energy Markets Studies, Energy Research Institute of the RAS.

    Google Scholar 

  • Nabiullina, Elvira (2009) ‘Analiz innovatsinnykh programm krupnieyshikh rossiyskikh kompaniy s gosudarstvennym uchastyem’, presentation available at http://www.economy.gov.ru/minec/press/news/topnews20091225, accessed 21 April 2011.

    Google Scholar 

  • Odynova, Alexandra (2011) ‘At Davos, Medvedev defends Yukos trial’, Moscow Times, 28 January.

    Google Scholar 

  • Roze, Anna (2011) ‘Gaz z podseleniyem’, Rossiyskaya gazeta, 1 March, at http://www.rg.ru/2011/02/27/shmatko-site.html, accessed 21 April 2011.

    Google Scholar 

  • Russian Business (2009) Novatek is under control of Timchenko and Gazprom, 29 May, at http://www.rb.ru/topstory/business/2009/05/28/084823.html, accessed 21 April 2011.

    Google Scholar 

  • Russian Government (2008a) Federal Law on Strategic Sectors, adopted on 29 April 2008, Moscow.

    Google Scholar 

  • Russian Government (2008b) Russian Foreign Policy Concept, adopted on 15 July 2008, Moscow.

    Google Scholar 

  • Russian Government (2009) Energeticheskaya strategiya Rossii na period do 2030 goda [Energy Strategy of Russia through 2030] (Adopted by Decree of the Government of RF # 1715-p, 13 November 2009).

    Google Scholar 

  • Saunders, Paul J. (2008) Russian Energy and European Security: A Transatlantic Dialogue. Washington, DC: The Nixon Center.

    Google Scholar 

  • Stern, Jonathan P. (2005) The Future of Russian Gas and Gazprom. Oxford: Oxford University Press, for Oxford Institute of Energy Studies.

    Google Scholar 

  • Swint, Brian and Stanley Reed (2011) Putin Proverb Seals BP’s Arctic Deal After Hayward Woos Russia Bloomberg, 18 January.

    Google Scholar 

  • White, Gregory (2011a) ‘Russia’s Sechin defends investment climate’, Wall Street Journal, 22 February.

    Google Scholar 

  • White, Gregory L. (2011b) ‘Russian energy czar warns BP, partners’, Wall Street Journal, 22 February.

    Google Scholar 

  • World Energy Council (WEC) (2010) Roadmap towards a Competitive European Energy Market. London: World Energy Council.

    Google Scholar 

  • Wright, Peter, Ananda Mukherji and Mark J. Kroll (2001) ‘A reexamination of agency theory assumptions: Extensions and extrapolations’, Journal of Socio-Economics, 30: 413–29.

    Article  Google Scholar 

  • Youngs, Richard (2009) Energy Security: Europe’s New Foreign Policy Challenge. Abingdon: Routledge.

    Google Scholar 

Download references

Authors
  1. Ekaterina Demakova
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Jakub M. Godzimirski
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Editors and Affiliations

  1. Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick, UK

    Caroline Kuzemko (Post-doctoral Researcher) (Post-doctoral Researcher)

  2. Higher School of Economics, National Research University, Russia

    Andrei V. Belyi (Associate Professor) (Associate Professor)

  3. Central European University, Hungary

    Andreas Goldthau (Associate Professor) (Associate Professor)

  4. American International University, London, UK

    Michael F. Keating (Associate Professor of International Political Economy) (Associate Professor of International Political Economy)

Copyright information

© 2012 Ekaterina Demakova and Jakub M. Godzimirski

About this chapter

Cite this chapter

Demakova, E., Godzimirski, J.M. (2012). Russian External Energy Strategy: Opportunities and Constraints. In: Kuzemko, C., Belyi, A.V., Goldthau, A., Keating, M.F. (eds) Dynamics of Energy Governance in Europe and Russia. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230370944_8

Download citation

Publish with us

Policies and ethics

Search

Navigation