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Unformatted text preview: Russia by 150%
by 2030.57 IEA data show that investments for maintaining energy
infrastructure in Russia will constitute USD 1 trillion by 2030.58 Since the
EU is dependent on Russian energy, it will have to take this development
into consideration as well. A European security strategy would seek to
include other suppliers, such as North Africa, the Middle East and the
Caspian region. Cooperation between Russia and the EU is regulated
under the Partnership and Cooperation Agreement of 1997. In 2000, the
EU launched an Energy Dialogue with Russia. It is in the interest of the EU
to have good relations with Russia, which is not always easy. Russia is
very strategic in every action it takes. Gazprom, for example, is looking for
direct access to customers in the EU in order to increase its market share
from 26% to 38% by 2020. At the same time, Russia makes it very difficult
for foreign companies to invest in its own country, e.g., the tax claim on 57
58 Available on: <www.worldenergyoutlook.org/>, 2008.
IEA Country Report – Russia. Available on: <www.iea.org/textbase/country/n_country.asp?COUNTRY_CODE=RU>. 48
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- Summer '14