In the early 1990s, energy companies around the world began to realize the enormity of the still-untapped oil and natural gas reserves of the Caspian Sea basin, igniting a scramble to develop new extraction and transport networks to bring these resources to the world market. The result has...

We use cooperative game theory to analyze the strategic impact of three controversial pipeline projects. Two of them, 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...

Russia is the world's largest gas exporter and Germany is its most important market. Moreover, natural gas is a centerpiece of the Russian economy and the backbone of its energy supply to the Russian population. In terms of its external gas relations, Germany has always kept a special and...

The energy security is a subject often picked by government representatives of current times, who take actions influencing geopolitical relationship of Europe and globe. It is an important aspect because of its economical, ecological and environmental nature. Tensions between countries of...