European Union-Russia natural gas relations

Abstract

This thesis aims to analyze, the natural gas relationship of European Union and Russia with comparative perspective. The EU is very much dependent on Russian gas and this dependency is expected to increase in the following decades. On the other hand, the natural gas export revenues significantly contribute to Russian budget that makes it dependent on gas sales to Europe. Therefore, this relationship creates interdependence between EU and Russia. Finally, by means of analyzing this interdependency, this study also aims to discuss the possible contribution of Turkey to the future of EU-Russia gas relations.