Encyclopedia of Law and Economics

2019 Edition
| Editors: Alain Marciano, Giovanni Battista Ramello

Energy Governance: EU-Russia Gas Exchanges

  • C. LocatelliEmail author
Reference work entry
DOI: https://doi.org/10.1007/978-1-4614-7753-2_690

Definition

Strong and lasting interdependencies exist between EU and Russia concerning natural gas exchanges. They imply some questions about energy security from both parties. One could have expected the setting up of more or less institutionalized governance structures – as an institutional system of rules – allowing the management of risks and externalities linked to this interdependence.

On both sides there is a willingness to cooperate. However, to date, the institutional gap between the supply and demand of the cooperation is a constraint to define a governance structure. The question is to know if international standards based on rules generated by the EU are consistent with Russia’s institutional environment. The competitive logic and the regulation on which the EU energy policy is founded conflict with the institutional specificities of the Russian economy. This contradiction explains the failure in the European strategy of external governance with Russia. The “gas conflicts”...

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Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.GAEL, CNRS, Grenoble, INP, INRAUniversity of Grenoble-AlpesGrenobleFrance