Russian Energy Diplomacy

Definition

Energy diplomacy refers to the practices and norms by which political institutions and large energy companies cooperate to promote energy trade. In significant energy producer countries such as Russia, political institutions and the main energy companies cooperate among themselves to secure the demand for exports of energy commodities such as oil, oil products, natural gas, coal, and uranium. In energy importer countries, political institutions and large energy companies cooperate to secure the supply of energy imports. In the European Union, such cooperation also involves union level institutions. Hence, energy exporters and importers practice energy diplomacy to support energy trade and investments. Energy diplomacy comprises meetings, negotiations, and agreements to build a political framework for energy trade. The goal is to find a balance between the supply and demand of energy.

Because energy diplomacy is about the extension of diplomatic practices into energy trade,...