HEC-Ecole de gestion de l'Université de Liège
HEC-Ecole de gestion de l'Université de Liège

Gas supply security in Europe and the key role of Russian gas imports : geopolitical or economical challenge for the European Union ?

Lacroix, Nadège ULiège
Promotor(s) : Niessen, Wilfried ULiège ; Lahaut, Jean ULiège
Date of defense : 1-Sep-2016 • Permalink :
Title : Gas supply security in Europe and the key role of Russian gas imports : geopolitical or economical challenge for the European Union ?
Author : Lacroix, Nadège ULiège
Date of defense  : 1-Sep-2016
Advisor(s) : Niessen, Wilfried ULiège
Lahaut, Jean ULiège
Committee's member(s) : Niessen, Wilfried ULiège
Language : English
Number of pages : 69
Keywords : [en] Energy
[en] Gas supply
[en] Security Supply
[en] Geopolitics
[en] European Union
Discipline(s) : Business & economic sciences > Multidisciplinary, general & others
Institution(s) : Université de Liège, Liège, Belgique
Degree: Master en sciences de gestion, à finalité spécialisée en MBA
Faculty: Master thesis of the HEC-Ecole de gestion de l'Université de Liège


[en] Russia - and specifically Gazprom - is the largest single supplier of gas to European countries. In its May 2014 Communication on European Energy Security Strategy, the European Com-mission (EC) summarised dependence on Russian gas as follows: “Six Member States depend from Russia as single external supplier for their entire gas imports and three of them use natu-ral gas for more than a quarter of their energy needs. In 2013 energy supplies from Russia ac-counted for 39% of EU natural gas imports or 27% of EU gas consumption”.

The relation between Russia and the European Member States has changed since 2014 and the beginning of the Russian-Ukrainian conflict.
The European Commission wants to preserve a Russian gas transit across Ukraine. This politi-cal stance is included in the State of Energy Union. The European Commission seems to have the willingness to use regulatory tools to limit, delay or block additional export capacity for Russian gas such as Nord Stream 2 and other Russian imports diversification projects.
Russia’s continuing reliance on European sales for its gas provides clear evidence of the ‘mu-tual dependency’ between the two blocks.

The European Union needs a strong and effective regulation, as well as clear competition rules and an achieved Energy Union.
The energy security supply is a sensitive economical and political issue for the European Member States. Without a European legal framework, a European energy policy will not be fully achieved.
Furthermore, the EU should implement an adequate and sustainable European energy policy and create a common legal framework.
Regarding the geopolitical concerns raised by gas supply, the achievement of a real European Foreign policy is crucial. Without a clear vision from the European Union of its neighbour-hood policy, the questions of pipeline projects and Russian gas imports will not be solved.

To conclude, gas security supply is indeed an important economical and geopolitical challenge which should be addressed promptly by the European Union through the implementation of a solid common strategy.



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  • Lacroix, Nadège ULiège Université de Liège > Master sc. gestion, fin. spéc. MBA (H.D.) (ex 2e master)


Committee's member(s)

  • Niessen, Wilfried ULiège Université de Liège - ULg > HEC-Ecole de gestion de l'ULg : UER > Comptabilité et finance d'entreprise
    ORBi View his publications on ORBi
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  • Total number of downloads 7

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