Institute for International and European Policy, KU Leuven
Belgian-Dutch Politicologenetmaal location:Ghent, Belgium date:30-31 May 2013
The majority of attention is paid to security of supply issues of consuming countries. The article tackles a twofold misunderstanding which is a result of this bias. First, producing countries are expected to mainly focus on security of demand issues because of the abundant availability of energy resources. This distracts the attention from producer countries’ concerns about supply security. Second, the demand side of the energy equation has been largely neglected as a result of focussing on consuming states interests which equate energy security with security of supply. As a result, both security of supply and demand of producing countries stay largely out of the picture.
To address this dual hiatus, the article first unveils the domestic security of supply concerns of the Russian Federation which comparable to consuming countries struggles with Availability, Accessibility, Acceptability and Affordability concerns. The main difference lies within the virtual absence of a geopolitical element of international supplies. Secondly, the study at hand decomposes the security of demand into four constituent parts: Rents, Recovery, Resource Nationalism and Reliability.
Moreover, the analysis shows that the global financial crisis increased Russia’s attention to security of demand. This raises questions of how Russia’s future diversification strategies will impact on the EU’s security of supply.