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The Empire Strikes Back: European Energy and the Return of Gazprom


Brütsch, C; Hulbert, M (2011). The Empire Strikes Back: European Energy and the Return of Gazprom. Energy Security, 2011(September):online.

Abstract

Gazprom, like its Russian state owners, has pursued an effective, long term strategy of ingratiating and integrating its interests with those of its downstream customers. It may have struck a coup though in moving closer to RWE Germany's second largest electricity producer. The field of maneuver for a Gazprom ownership stake in RWE has been made perceptively easier with the Merkel government's decision to discontinue nuclear power as an entire class of power generating technology available to German industrial and residential consumers. As a partial result of this decision, RWE has lost a reported 20% of its market value and is eager for the new investment that Gazprom can provide. Vertically integrating Gazprom as a key player in Europe's largest industrial economy is really what is at stake in the short term. Integrating Russian influence as a base-load factor in Germany's future is of longer term concern.

Abstract

Gazprom, like its Russian state owners, has pursued an effective, long term strategy of ingratiating and integrating its interests with those of its downstream customers. It may have struck a coup though in moving closer to RWE Germany's second largest electricity producer. The field of maneuver for a Gazprom ownership stake in RWE has been made perceptively easier with the Merkel government's decision to discontinue nuclear power as an entire class of power generating technology available to German industrial and residential consumers. As a partial result of this decision, RWE has lost a reported 20% of its market value and is eager for the new investment that Gazprom can provide. Vertically integrating Gazprom as a key player in Europe's largest industrial economy is really what is at stake in the short term. Integrating Russian influence as a base-load factor in Germany's future is of longer term concern.

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Additional indexing

Item Type:Journal Article, not refereed, original work
Communities & Collections:06 Faculty of Arts > Institute of Political Science
Dewey Decimal Classification:320 Political science
Language:English
Date:2011
Deposited On:29 Feb 2012 14:32
Last Modified:05 Apr 2016 15:29
Publisher:Institute for the Analysis of Global Security (IAGS)
Official URL:http://www.ensec.org/index.php?option=com_content&view=article&id=328:the-empire-strikes-back-european-energy-and-the-return-of-gazprom&catid=118:content&Itemid=376
Related URLs:http://www.ensec.org (Publisher)

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