Download publication

Policy Contribution

Rebalancing the EU-Russia-Ukraine gas relationship

The October 2014 agreement on gas supplies between Russia, Ukraine and the EU did not resolve the Ukraine-Russia conflict over gas. This policy contribution proposes the EU to actively engage in a redefinition of its gas relations with both Russia and Ukraine.

By: and Date: December 11, 2014 Energy & Climate Tags & Topics

The October 2014 agreement on gas supplies between Russia, Ukraine and the European Union did not resolve the Ukraine-Russia conflict over gas. The differences between parties in terms of objectives, growing mistrust and legacy issues make it unlikely that a long-term stable arrangement will be achieved without further escalation. Without EU pressure and support, Ukraine is likely to enter a new unfavourable gas arrangement with Russia, which could have repercussions beyond the energy sector.

Key highlights:

  • To reduce prices and increase the security of imports, the EU as a bloc should redefine its gas relationship with Russia and Ukraine and overcome the diverging interests of EU member states on second-order issues.

  • Implementation of a joint strategy rests on enforcement of EU competition and gas market rules, a strengthened role for the Energy Community and the establishment of a market-based instrument for supply security.
  • For Ukraine, the EU should serve as an anchor for comprehensive gas sector reform. Contingent on Ukraine’s reform efforts, EU financial and technical assistance, the enabling of reverse flows from the EU to Ukraine and pressure on Gazprom, should eventually enable Ukraine to obtain a sustainable gas-supply contract with Russia. This should make a sustainable and mutually beneficial Russia-Ukraine-EU gas relationship possible. However, during the transition, the EU should be prepared for possible frictions.
View comments
Read article More on this topic More by this author

External Publication

tagliapietra_pass-2

Energy Relations in the Euro-Mediterranean: A Political Economy Perspective

This book provides a detailed overview of the current status and future prospects of Euro-Mediterranean energy relations through analysis of those relations and pertinent case studies.

By: Simone Tagliapietra Topic: Energy & Climate Date: December 13, 2016
Read article Download PDF More on this topic More by this author

External Publication

1-s2-0-s2405473916300319-main_page_01

Currency crises in post-Soviet economies — a never ending story?

This paper offers an updated and comprehensive analysis of the currency crises in Russia and the former Soviet Union economies.

By: Marek Dabrowski Topic: Global Economics & Governance Date: October 18, 2016
Read article More on this topic

Blog Post

Simone Tagliapietra
Georg Zachmann

Can North Africa's energy challenges become opportunities?

Cooperation in the energy sector could increase economic prosperity and political stability in North Africa and also generate economic opportunities for Europe. We propose a European public fund that would reduce the political risk for private sector investors in low-carbon energy in North Africa.

By: Simone Tagliapietra and Georg Zachmann Topic: Finance & Financial Regulation Date: October 3, 2016
Read article More on this topic More by this author

Opinion

Georg Zachmann

Nord Stream 2: a bad deal for Germany and Eastern Europe

Georg Zachmann argues that the Nord Stream 2 project is a danger to the European consensus on relations with Russia. What is more, it could undermine efforts to diversify Europe's gas supply and might risk higher prices for Eastern Europe.

By: Georg Zachmann Topic: Energy & Climate Date: July 18, 2016
Read article Download PDF More on this topic

Working Paper

cover

The China-Russia trade relationship and its impact on Europe

This paper analyses empirically how increasingly close trade relations between China and Russia might affect the European Union.

By: Alicia García-Herrero and Jianwei Xu Topic: Global Economics & Governance Date: July 14, 2016
Read article Download PDF

Parliamentary Testimony

GasEuropean Parliament

Rethinking the security of the European Union's gas supply

Presentation at the EPP hearing on the “Winter Energy Package” on 29 June 2016.

By: Simone Tagliapietra and Georg Zachmann Topic: Energy & Climate, European Parliament, Parliamentary Testimonies Date: June 29, 2016
Read about event More on this topic

Past Event

Past Event

China-Russia relations and their impact on Europe

The economic ties between China and Russia are growing. How will this relation affect Europe?

Speakers: Marek Dabrowski, Zsolt Darvas, Alicia García-Herrero, Vasily Gavrilov, Eric Girardin, Matteo Governatori, Iikka Korhonen, Heli Simola, Laura Solanko, SUN Mingxi and Jianwei Xu Topic: Global Economics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 21, 2016
Read about event More on this topic

Past Event

Past Event

Euro-Mediterranean energy talks

The energy landscape of the Southern and Eastern Mediterranean is inefficient and unsustainable. Yet there is much potential for cooperation. How could the EU work with this region to improve energy systems?

Speakers: Ali Aissaoui, Moncef Ben Abdallah, Jorge Borrego, Claudia Brandus, Uri Dadush, Karim El Aynaoui, Angelo Ferrante, Francesco Giunti, Ali Hached, Manfred Hafner, Ezzedine Khalfallah, Stefano Manservisi, Mehmet Öğütçü, Francis Perrin, Sabina Ratti, Edoardo Reviglio, André Sapir, Simone Tagliapietra, Hans van Steen, Guntram B. Wolff and Georg Zachmann Topic: Energy & Climate Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: May 31, 2016
Read article More on this topic More by this author

Opinion

Simone Tagliapietra

EU must step up energy cooperation with southern Mediterranean countries

Furthering energy cooperation between the EU and countries in the Southern Mediterranean is a challenge, but also a great opportunity. Supporting sustainable energy projects in partner countries could make them more economically stable and help safeguard the EU’s security of gas supply.

By: Simone Tagliapietra Topic: Energy & Climate Date: May 4, 2016
Read about event More on this topic

Past Event

Past Event

Will China's slowdown bring headwinds or opportunities for Europe and Central Asia?

After years of rapid growth, China's GDP is expanding more slowly. There are fears about the global impact, but could there also be opportunities for Europe and Central Asia?

Speakers: Maurizio Bussolo, André Sapir and Jianwei Xu Topic: Global Economics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: April 29, 2016
Read article Download PDF More on this topic

Policy Brief

ENERGY ACROSS  THE MEDITERRANEAN:  A CALL FOR REALISM

Energy across the Mediterranean: a call for realism

After almost two decades of unproductive regional cooperation attempts, the EU should reshape its energy cooperation efforts in the Mediterranean through new bilateral approaches

By: Simone Tagliapietra and Georg Zachmann Topic: Energy & Climate Date: April 28, 2016
Read article More on this topic More by this author

Blog Post

Marek Dabrowski

EU Association Agreement could help Ukraine to reform

Ukraine’s closer ties with the EU have been controversial. The Association Agreement is now facing a referendum in the Netherlands. But what exactly is in the agreement, and what could it mean in practice?

By: Marek Dabrowski Topic: European Macroeconomics & Governance Date: March 16, 2016
Load more posts