Regional energy projects in the Eurasian area

• Main Authors: Antevski Miroslav, Petrović Pero, Vesić Dobrica
• Format: Article
• Language: English
• Published: Economics institute, Belgrade 2012-01-01
• Series: Industrija
• Subjects: energy; security; oil; gas; lng; pipelines
• Online Access: https://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2012/0350-03731201061A.pdf

The Eurasian area has a very rich energy reserves, and is characterized by a complex network of relationships between major suppliers and consumers. The central place in this area has Russia as a country richest in energy resources in Eurasia. Beside her, the European Union is the largest economic and political grouping in the world, and a huge consumer of energy. The dynamic development of Chinese economy requires more energy imports by China. Dependence of the European Union and China on imported energy is high and will grow in the future. Russia is the world's dominant natural gas producer and one of the two largest oil producers in the world. Russia is the largest natural gas supplier of the EU and a significant oil and natural gas supplier of China. Energy projects in Eurasia are the result of the need to strengthen the stability of energy supplies, efforts to diversify sources of supply, and the geographic redistribution of Russian oil and gas exports. Although the interests of the main actors often do not agree, the reasons of energy security affect the development of joint energy projects.