The Case for a Gas Transit Consortium in Ukraine: A Cost-Benefit Analysis

CEPS Policy Brief No. 180

13 Pages Posted: 26 Jan 2009

See all articles by Elena Gnedina

Elena Gnedina

affiliation not provided to SSRN

Michael Emerson

Centre for European Policy Studies (CEPS)

Date Written: January 19, 2009

Abstract

The January 2009 interruptions of gas supplies from Russia to the EU via Ukraine, following the earlier 2006 crisis, has confirmed the absolutely intolerable situation in which a commodity of strategic importance for European industry and households has become uncertain and erratic, in breach of long-term supply contracts, as a result of disorderly commercial and political relations between Russia and Ukraine.

The recently agreed tri-partite (EU, Russia, Ukraine) monitoring system is a positive step, even if at the time of writing supplies have not yet resumed. But in any case this can be viewed as no more than a stop-gap measure. A more fundamental and permanent solution is required. For this purpose the authors propose that the EU, Russia and Ukraine negotiate the creation of a new business consortium to be granted a long-term concession to operate the Ukraine trunk gas transit pipeline.

Keywords: EU-Russian relations, Security of supply

Suggested Citation

Gnedina, Elena and Emerson, Michael, The Case for a Gas Transit Consortium in Ukraine: A Cost-Benefit Analysis (January 19, 2009). CEPS Policy Brief No. 180. Available at SSRN: https://ssrn.com/abstract=1333132 or http://dx.doi.org/10.2139/ssrn.1333132

Elena Gnedina

affiliation not provided to SSRN

Michael Emerson (Contact Author)

Centre for European Policy Studies (CEPS) ( email )

1 Place du Congres
Brussels, 1000
Belgium

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