a simple stylized numerical example of the gas network in Central Eastern Europe with a focus on Ukraine’s power index …

transit countries, Ukraine and Belarus. The third project, `Nabucco', aims at diversifying Europe's gas imports by accessing … Germany and Russia. The additional leverage obtained through South Stream is much smaller and Nabucco is not viable. For the …

, Nord Stream and South Stream, allow Russian gas to bypass transit countries, Ukraine and Belarus. Nord Stream's strategic … value turns out to be huge, justifying the high investment cost for Germany and Russia. The additional leverage obtained … accessing producers in Middle East and Central Asia. The project has a large potential to curtail Russia's power, but the …

power of the established suppliers in close proximity to Europe, such as Russia. …

countries, Ukraine and Belarus. Nord Stream's strategic value turns out to be huge, justifying the high investment cost for … Germany and Russia. The additional leverage obtained through South Stream, in contrast, appears small. The third project …, Nabucco, aims at diversifying Europe's gas imports by accessing producers in Middle East and Central Asia. It curtails Russia …