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- W2500452272 abstract "Abstract The significant role of natural gas in the European Union (EU) energy mix highlights the importance of securing its supply as part of any future EU energy security strategy. Recognising the EU's natural gas import dependency, Russia's role as the main natural gas exporter to the EU in terms of the security of supply and market power is of great importance. Although domestic natural gas demand has been on the decline, greater decreases in domestic natural gas production led to an increase of import dependency. Russia accounts for the majority of EU natural gas imports, while Member States' dependency on Russian imports varies. Natural gas is vital to the Russian economy with the European market serving as Russia's main client, creating substantial economic dependence on gas exports, as well as dependence on the political leverage that comes with it. The EU is trying to reduce its import dependency. Beyond this, the EU is looking to diversify its natural gas supplies, by exploring increased liquefied natural gas (LNG) imports, building additional pipelines and constructing more natural gas and electricity interconnections. However, looking into the future, EU natural gas import dependency is uncertain and depends on compliance with existing climate legislation and ambitiousness of future policies, as well as the market development of other energy carriers, such as LNG. Nevertheless, it is very likely that natural gas will still play a role in the EU energy mix in the long term. The current position of the EU, on the one side, is reliant on Russian gas imports in the short to medium term with a long-term strategy of little or no gas demand from Russia, and on the other side, the Russian dependency on gas exports bears a significant potential of conflict between both parties." @default.
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- W2500452272 date "2016-01-01" @default.
- W2500452272 modified "2023-10-17" @default.
- W2500452272 title "A Study of Russia as Key Natural Gas Supplier to Europe in Terms of Security of Supply and Market Power" @default.
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- W2500452272 doi "https://doi.org/10.1016/b978-0-12-802970-1.00003-6" @default.
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