Background & General Thoughts About a Market-Oriented External Energy Strategy of The EU

Summary: The EU member states still pursue varying natural gas strategies. While some of them focus on building bilateral energy relationships that are based on “market-based economic mechanisms” (Stefanova 2012), others frame their strategies geo-politically and aim at achieving independence from Russia for security reasons. This strategy diversity can result in energy infrastructure projects that… Read More Background & General Thoughts About a Market-Oriented External Energy Strategy of The EU

Mapping Out Scenarios For The Development of a Common EU Policy Towards Nord Stream 2

Summary Broadly spoken, a common EU policy towards Nord Stream 2 could take three directions: (i) a market-oriented approach that rejects a geo-politicization of the debate and counts on the integration of the European gas markets for ensuring supply security, (ii) a geo-economic approach that puts Nord Stream 2 on hold, uses hard sanctions against… Read More Mapping Out Scenarios For The Development of a Common EU Policy Towards Nord Stream 2

EU Energy And Natural Gas Strategies & EU Position Towards Nord Stream 2

SummaryNord Stream 2 “is a project with neither economic rationale nor political backing” from an EU policy perspective. Since only half of the available gas import capacities in the EU were used in 2015, Nord Stream 2 will most probably lead to stranded assets. Furthermore, the pipeline conflicts with EU gas diversification strategies, efforts for… Read More EU Energy And Natural Gas Strategies & EU Position Towards Nord Stream 2