Handbook of the International Political Economy of Energy and Natural Resources
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Handbook of the International Political Economy of Energy and Natural Resources

Edited by Andreas Goldthau, Michael F. Keating and Caroline Kuzemko

This Handbook offers a comprehensive overview of the latest research from leading scholars on the international political economy of energy and resources. Highlighting the important conceptual and empirical themes, the chapters study all levels of governance, from global to local, and explore the wide range of issues emerging in a changing political and economic environment.
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Chapter 11: Europe’s largest natural gas producer in an era of climate change: Gazprom

Jack D. Sharples

Abstract

The relationship between national energy policies and the activities of energy companies in an era of climate change throws some light on IPE debates about the relationship between states and markets. This analysis of Gazprom’s investment in gas-fired power generation and gas-fuelled transportation illustrates the extent to which national and supranational governance shapes the strategies of commercial actors in the energy sector. In this context, Russia’s position as an energy-exporting country influences the policy orientation of the Russian government, and renders Gazprom distinct from import-dependent European energy companies. As a result, Gazprom has emerged as a powerful lobbyist for gas-fired power generation and gas-powered transportation, with substantial consequences for decarbonisation efforts in both Russia and the EU.

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