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EU-Russia: energy security risks

EU-Russia: energy security risks. Andres Mäe Estonian Foreign Policy Institute Jurmala, 23.05.2008. Intro. Energy security risks stem from economical… interdependence free market vs mercantilism … environmental… increasing oil transit via the Baltic Sea old and new NPPs

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EU-Russia: energy security risks

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  1. EU-Russia:energy security risks Andres Mäe Estonian Foreign Policy Institute Jurmala, 23.05.2008

  2. Intro • Energy security risks stem from economical… • interdependence • free market vs mercantilism • … environmental… • increasing oil transit via the Baltic Sea • old and new NPPs • … and even political problems • different approach to reciprocity • international agreements vs national interests

  3. Economical problems • EU-Russia energy relations • Russia - major regional energy supplier • energy demand increase in EU • Interdependence • sensitivity • vulnerability • Result • bilateral agreements • mercantilism

  4. Ecological problems • Oil transit via the Baltic Sea • agreements • Baltic Sea Marine Environment Protection Convention • single hull & ‘river-sea’ tankers • cooperation • practical level - COFREP • NPPs • problems with RW

  5. Political problems • Agreements • ECT & TP • Different approach • reciprocity: equal treatment vs tit-for-tat • open market vs strategical interests • Access to energy markets • investments vs swap of assets • Russian energy sector politicized

  6. Thank Youfor Your attention! Andres Mäe Estonian Foreign Policy Institute Jurmala, 23.05.2008

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