Gazprom’s and Rosneft’s enormous size and outsized roles in the domestic and global economies mean the Kremlin grants them priority attention. At the height of the commodity boom, Russian President Vladimir Putin bragged about them as unstoppable global industry leaders. Now over ten years later, the picture looks quite different. Low prices and increased international competition are threatening Gazprom and Rosneft, yet there’s any scant evidence of effort to overhaul them to keep them competitive. What lies in Russia’s energy future, and what is needed to keep Russian energy competitive?
The authors of the report, Dr. Anders Åslund, Senior Fellow, Eurasia Center and Steven Fisher, an emerging markets banking and corporate governance professional, present their research on Russia’s national champions. Dr. Agnia Grigas, Senior Fellow, Eurasia Center, Atlantic Council; Edward Chow, Senior Associate, Energy Security and Climate Change Program, Center for Strategic and International Studies, join the panel and Ambassador Richard L. Morningstar, Founding Chairman, Global Energy Center, Atlantic Council, moderates.
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The Impact of European Gas Dependence
Nord Stream 2
Natural gas plays an important role in Europe: It is a bridging technology for the transition of the electricity system and has significant potential. But Europe is strongly dependent on natural gas imports and Russian gas dominates Europe. The under construction Nord Stream 2 pipeline, despite its promises, poses significant risks to European energy security and independence.
UkraineAlert Nov 6, 2021
Disarming Putin’s energy weapon: Ukraine must connect to EU grid
By Anders Åslund
With Vladimir Putin seeking to restrict energy supplies to Ukraine, it is increasingly clear that Kyiv must connect to the European electricity grid in order to reduce its vulnerability to Kremlin blackmail tactics.
UkraineAlert Nov 4, 2021
Ukraine faces energy crisis as Putin weaponizes gas and coal supplies
By Aura Sabadus
As the winter season draws closer, Ukraine faces a looming energy crisis on multiple fronts which could lead to domestic political instability and deepen the country’s dependence on Vladimir Putin’s Russia.
The Eurasia Center’s mission is to enhance transatlantic cooperation in promoting policies that strengthen stability, democratic values, and prosperity in Eurasia, from Eastern Europe in the West to the Caucasus, Russia, and Central Asia in the East.