Past Event

Designing a new EU-Turkey strategic energy partnership

The diversification of Europe's gas supplies is a key plank of the EU's strategy to achieve greater energy security.

Date: July 2, 2015, 11:30 am Topic: Green economy

There is huge untapped gas production potential in the Caucasus, Central Asia and Middle East, but incorporating this into the EU’s gas supply architecture will require cooperation with Turkey: the inevitable transit country and a key player in the regional geopolitical chessboard.

However, EU-Turkey energy cooperation has seen years of impasse, including the failure of the Nabucco pipeline project and the continuing delays in opening the energy chapter of Turkey’s EU accession negotiations. Nevertheless, by adopting a new cooperation scheme with Turkey, the EU might now have an opportunity to remove the geopolitical barriers that have hindered the region’s potential to export natural gas to Europe.

What role might such projects play in the EU’s wider energy strategy, especially the aim to reduce dependence on Russia. How would any large-scale energy cooperation impact on other areas of EU-Turkey relations? The event presented a new Policy Contribution by Simone Tagliapietra and Georg Zachmann. This was followed by a discussion and Q&A with Mehmet Öğütçü and Patrick Paquet, chaired by Aura Sabadus.

Event materials

  • The Bruegel Policy Contribution by Simone Tagliapietra and Georg Zachmann
  • Simone Tagliapietra’s presentation _
  • The Bruegel event notes _

Speakers

  • Simone Tagliapietra, research fellow, Bruegel
  • Mehmet Öğütçü, chairman, Global Resources Partnership
  • Patrick Paquet, acting Head of Turkey Unit, DG NEAR
  • Chair: Aura Sabadus, editor, ICIS Turkish Energy Hub Daily

Practical details

  • Venue: Bruegel, Rue de la Charité 33, 1210 Brussels
  • Time: 10 June 2015, 12.30-14.30
  • Contact: Matilda Sevón
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Blog Post

The EU needs transparent oil data and enhanced coordination

The EU lacks the coordination structure and transparent data necessary to most effectively navigate an embargo on Russian oil.

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Opinion

For Europe, an oil embargo is not the way to go

Even at this late hour, the European Union should consider taking a different path.

By: Simone Tagliapietra, Guntram B. Wolff and Georg Zachmann Topic: Global economy and trade Date: May 9, 2022
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External Publication

How to weaken Russian oil and gas strength

Letter published in Science.

By: Ricardo Hausmann, Agata Łoskot-Strachota, Axel Ockenfels, Ulrich Schetter, Simone Tagliapietra, Guntram B. Wolff and Georg Zachmann Topic: Global economy and trade Date: May 2, 2022
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A phase out of Russian oil may be less effective than a tariff at reducing Putin’s rents

A punitive tariff on all energy imports from Russia would be a better choice than a gradually phased-in embargo on selected fuels.

By: Simone Tagliapietra, Guntram B. Wolff and Georg Zachmann Topic: Global economy and trade Date: May 2, 2022
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How a European Union tariff on Russian oil can be designed

The European Union should apply a tariff on imports of Russian oil; it can be accompanied by a quota for a gradual, conditional phase-out of all Russian oil imports.

By: David Kleimann, Ben McWilliams and Georg Zachmann Topic: Global economy and trade, Green economy Date: April 29, 2022
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Opinion

EU risks letting Putin’s gas divide-and-rule strategy win

The 2 May meeting of EU energy ministers should deliver strong and common EU action. Failing to do so would undermine Europe’s unity, energy security and foreign policy.

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Europe must get serious about cutting oil and gas use

As energy security risks increase, European governments must stop subsidising oil and gas, and ask people to consume less.

By: Simone Tagliapietra Topic: Global economy and trade, Green economy Date: April 29, 2022
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Working Paper

Cutting Putin’s energy rent: ‘smart sanctioning’ Russian oil and gas

The most efficient way for Europe to sanction Russian energy would not be an embargo, but the introduction of an import tariff that can be used flexibly to control the degree of economic pressure on Russia.

By: Ricardo Hausmann, Agata Łoskot-Strachota, Axel Ockenfels, Simone Tagliapietra, Ulrich Schetter, Guntram B. Wolff and Georg Zachmann Topic: Global economy and trade, Green economy Date: April 28, 2022
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A sanctions counter measure: gas payments to Russia in rubles

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By: Maria Demertzis and Francesco Papadia Topic: Global economy and trade Date: April 19, 2022
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Opinion

Cutting Putin’s energy rent: ‘smart sanctioning’ Russian oil and gas

Three ways Europe could limit Russian oil and gas revenues.

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Blog Post

The European Union demand response to high natural gas prices

Even before Russia’s invasion of Ukraine, high natural gas prices triggered an estimated European Union demand cut of about 7%.

By: Ben McWilliams and Georg Zachmann Topic: Green economy Date: April 8, 2022
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