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Is Europe vulnerable to Russian gas cuts? CEPS Commentaries, 12 March 2014

Behrens, Arno and Wieczorkiewicz, Julian (2014) Is Europe vulnerable to Russian gas cuts? CEPS Commentaries, 12 March 2014. [Policy Paper]

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    The EU relies heavily on imports to meet its demand for natural gas. Nearly 23% of the gas burned by the EU member states is produced in Russian gas fields. Ukraine remains one of the main supply routes for Russian gas flowing into Europe. Consequently, mounting tensions between Russia and Ukraine concerning the Crimean Peninsula brought back memories of past gas supply disruptions, most notably of 2009. The question today is whether the EU in 2014 is equally vulnerable to potential (forced or voluntary) cuts in Russian gas supplies as it was five years ago. In this commentary, Arno Behrens and Julian Wieczorkiewicz look into two different scenarios. First, could Europe sustain longer cuts in gas supplies from Russia? And second, what impact would disruptions of Russian gas deliveries to Ukraine have on the EU? Essentially the authors argue that Russia is highly dependent on gas exports to Europe, while Europe could resort to alternatives to Russian gas. In addition, Europe is much better prepared for potential short-term supply disruptions than it was five years ago.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > energy policy (Including international arena)
    Countries > Russia
    Countries > Ukraine
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 01 Apr 2014 13:52
    Number of Pages: 4
    Last Modified: 01 Apr 2014 13:52

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