"After years as Eurasia's energy bully, Russia's state-controlled natural gas monopoly, Gazprom, is getting a taste of its own medicine," stated Alexandros Petersen in a recent article published by Foreign Policy earlier this week.
"After years as Eurasia's energy bully, Russia's state-controlled natural gas monopoly, Gazprom, is getting a taste of its own medicine," stated Alexandros Petersen in an article published by Foreign Policy earlier this week. According to Petersen, the shift in demand for natural gas throughout Europe, combined with persistent low prices, has caused the Russian giant to reconsider its marketing and pricing strategies. Now that the tables have turned, European countries, heavily dependent on Russian energy, have greater bargain power, and have been able to negotiate lower natural gas prices.
The full text of Petersen's article Russia's Energy Bully Takes a Fall can be downloaded here.
Alexandros Petersen is an advisor to the Wilson Center's European Energy Security Initiative and the author of The World Island: Eurasian Geopolitics and the Fate of the West.
The Global Europe Program is focused on Europe’s capabilities, and how it engages on critical global issues. We investigate European approaches to critical global issues. We examine Europe’s relations with Russia and Eurasia, China and the Indo-Pacific, the Middle East and Africa. Our initiatives include “Ukraine in Europe”—an examination of what it will take to make Ukraine’s European future a reality. But we also examine the role of NATO, the European Union and the OSCE, Europe’s energy security, transatlantic trade disputes, and challenges to democracy. The Global Europe Program’s staff, scholars-in-residence, and Global Fellows participate in seminars, policy study groups, and international conferences to provide analytical recommendations to policy makers and the media. Read more
