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ID: 151461

Emerging hydrocarbon interdependence between Russia and China: institutional and systemic implications / Rossiaud, Sylvain; Locatelli, Catherine; Abbas, Mehdi

Locatelli, Catherine	Journal Article
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Summary/Abstract

The different agreements on oil and natural gas signed by Russian and Chinese companies testify to the profound changes in the oil and gas policies of both Russia and China. We stress the importance of the contractual norms which structure the energy interdependency of the countries involved. As there is no international multilateral framework able to manage energy supply security, the way the countries involved construct their energy interdependence to an extent defines models of sectoral governance.

Key Words

Russia and China ; Emerging Hydrocarbon ; Systemic Implications ; Oil and Gas Policies ; Sectoral Governance

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ID: 109447

Neoinstitutionalist interpretation of the changes in the Russia / Locatelli, Catherine; Rossiaud, Sylvain

Locatelli, Catherine	Journal Article
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Publication

2011.

Summary/Abstract

This paper deals with the current change of the institutional and organizational framework of the Russian oil industry. Regarding this evolution, the main characteristic is the increasing involvement of national oil companies in the upstream activities. The point is to explain this reorganization by relying on the New Institutional Economics framework. These theoretical works highlight that institutional environment and governance structures complement each other. We argue that the current reorganization in an attempt to increase the coherence of the institutional arrangement governing the transaction between the Russian state and the private oil companies.

Key Words

Russia ; Oil Industry ; Institutional Coherence

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ID: 097762

Russian and Caspian hydrocarbons: energy supply stakes for the European Union / Locatelli, Catherine

Locatelli, Catherine	Journal Article
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Publication

2010.

Summary/Abstract

The issue of EU gas supply security has become more and more important in the 2000s in the context of gas market liberalisation and the question of the reliability of Russia as a supplier. One answer to these problems is EU gas diversification, specifically the opening up of a fourth gas corridor to supply the EU with gas from Central Asia via the 'Caucasus' or 'southern' route. The feasibility of this strategy might now be called into question. This article reviews the new strategies that could emerge in the producing countries as well as those of international oil companies, and then examines what the consequences might be as far as the EU's diversification strategy is concerned. The article identifies some of the problems and limits of these strategies.

Key Words

Energy ; European Union ; Russia ; Caucasus ; Russian ; Caspian Hydrocarbons ;
Gas Market Liberalisation ; International Oil Companies

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