Transnational Gas Markets and Euro-russian Energy Relations

In this book Andrei V. Belyi analyses how transnational gas markets have evolved and impacted on EU-Russia energy relations. He details how the shale gas revolution has exposed gas markets to new practices and norms, and made them more market-oriented. At the same time, he examines how Euro-Russian energy ties have become locked in path dependence patterns, and demonstrates how the political conflict in Ukraine has turned energy interdependence into a political instrument. This politicisation, in turn, has stimulated a willingness to pay for alternative projects, which stand outside of recent trends in transnational gas markets. This paradoxical situation, Belyi concludes, reflects deep rooted contradictions between political and economic factors in international political economy.

Andrei V. Belyi is a senior researcher at the Centre for EU Russia Studies at the University of Tartu, Estonia, and a Global Faculty member at the Centre for Energy, Petroleum, Mineral Law and Policy at the University of Dundee, United Kingdom. He regularly teaches international energy relations and has been affiliated with the Energy LLM at the University of Eastern Finland, Finland. His areas of expertise are international energy markets, EU gas policies and Russian hydrocarbons.