EURussia: energy security risks

1
EU-Russiaenergy 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