Can market forces balance out geopolitics?
) (LEPII – Laboratoire d’Economie de la Production et de l’Intégration Internationale – CNRS : FRE2664 – Université Pierre Mendès-France – Grenoble II) Abstract This article analyses the economic risk associated with the dominant position of the Russian vendor in the European market, with a view to assessing the relevance of possible responses by European nations or the EU. It considers various aspects of the Russian vendor’s dependence on the European market, before turning to the risks that Gazprom exerts market power on the European market. It concludes by considering the relevance of the possible responses open to the EU and member states to limit any risks by creating a gas single buyer or more simply by encouraging the development of a denser pan-European network, with additional sources of supply and increased market integration. Download InfoTo download: If you experience problems downloading a file, check if you have the proper application to view it first. Information about t
