The New Europe

Map Source: http://news.bbc.co.uk/2/shared/spl/hi/guides/456900/456974/html/nn4page1.stm

Lecture notes on “Pipeline Dreams” and other in Lucas, The New Cold War, 2014 Edition, and other assigned reading.

Russia is second only to US in natural gas production

Supplies Europe with 25% (some sources say 30%) of its natural gas supply

More dependent the further East a country is located

Forbes predicts weakening of Russia’s ability to extract political concessions from Europe based on its ability to control energy, esp. natural gas

Why?

Limits to Russian Energy Dominance in Europe

Ukrainian Crisis Leads Europe to Cancel South Stream Project

Expect Kremlin to foster cozy relationship with Turkey’s Erdogan

December 1, 2014 visit to Turkey

Turkey benefits from EU Embargo on Russia

Competition from Azerbaijan

Trans-Adriatic Pipeline

The Third Energy Package

Anti-monopoly EU policy stating one company cannot control production, distribution and sales

Russia has brought suit over the policy at the WTO

The EU’s Energy Security Policy

EU Declares Oversight of Energy Agreements between member states and 3^rd countries

Why Europe no longer fears the Russian gasman (Economist article)

China

Vice News Story, 8 Nov 2014

Bloomberg Story, 9 Nov 2014