Chapter 3

A Study of Russia as Key Natural Gas Supplier to Europe in Terms of Security of Supply and Market Power

A. Prahl1,  and K. Weingartner2     1Ecologic Institute, Berlin, Germany     2Ecologic Institute US, Washington, DC, United States, formerly Ecologic Institute, Berlin, Germany

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 ...

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