The Gazprom case: good timing or bad timing? | Simone Tagliapietra and Georg Zachmann at Bruegel.org

Español: Gazprom logo

Español: Gazprom logo (Photo credit: Wikipedia)

This is an excellent article published by European think-tank Bruegel. Check it out!

via The Gazprom case: good timing or bad timing? | Simone Tagliapietra and Georg Zachmann at Bruegel.org.

It seems that Russian giant Gazprom charges different prices in different markets. There are also some unusual conditions too.

Anybody familiar with Russia will not be surprised that economics are tied to politics.

But in Europe, we have rules designed to protect the consumer. Unfortunately, it is questionable whether Europe can enforce the rules against Gazprom. Europe needs Russia’s gas.

Matters would be much better if Europe had a an energy strategy that combined with both foreign and defense policies. Unfortunately, the EU seems preoccupied with green issues rather than strategy. Also there’s a tendency for each country to look after their own energy interests.

It’s a shame that Europe does not invest in Cyprus‘ offshore gas industry and secure a steady and secure supply.

Thoughts?

One response

  1. Dr Alf’s conclusion is correct ,Europe should now be working remorselessly towards a balanced mix of energy sources.
    Instead it is over reliant on Gazprom and by definition Vladimir Putin.
    This is extremely dangerous.
    This is because we are now at the point where the sun is least active and at the stage in its elliptical orbit when it is furthest away from the earth.
    Since this will herald years of colder winters there are unlimited opportunities for Gazprom,Vladimir Putin and his successors to blackmail Europe and the UK until we develop energy self sufficiency.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: