Unformatted text preview: majority of these countries import
energy from Russia for historical and geographical reasons.
Russia sees its energy wealth as a very significant factor in world
economic development and modernisation, where it has great power. It is,
therefore, naive to think that Russia will give up its power position by
opening up its gas fields for the EU and reorganising its pipeline systems in
order to open up “motorways” for the EU. This is something that Russia
cannot even make its own companies do with their pipelines.
Russia possesses the largest world gas resources – 47.82 trillion
cubic metres – and is the largest gas exporter. It is the second oil producer
and exporter after Saudi Arabia. Russia expects to export its oil resources
mainly towards North and East Asia, and its gas exports between Europe
and Asia by 2025. But it will however, be the main exporter for Europe
through use of its political power. Russia is also one of the biggest energy
consumers in the world. Energy demand will increase in...
View Full Document
- Summer '14
- European Union, ........., Peak oil, The European Gas and Oil Market