Egypt Institute Journal (Vol. 7- Issue 27) / studies
Challenges of Russian-European Oil Relations
Russia is the largest external supplier of oil and natural gas to the European Union, so, the European Union seeks to maintain and strengthen its role as a safe and reliable supplier of energy. For this reason, both parties have sought to establish a strategic partnership between them to ensure security of energy supplies. As far as the growing demand on Russian energy from the European Union is concerned, Russia seeks to turn this demand into a factor of strategic power, at a time when it is also in dire need to export its energy to the European Union, being the main consumer. In fact, Russia has transformed energy into political and economic gains, which has raised the United States’ concerns over its strategic partner and the global role that Russia plays using the energy card.