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The South Stream versus Nabucco pipeline race

Geopolitical and Economic (Ir)rationales and Political Stakes in Mega-Projects

Bibliographic Data

ID5088987
AuthorsPavel K Baev, Pavel Baev (0000-0003-1947-5009, Peace Research Institute Oslo), Indra Overland (0000-0002-5955-4759, Norwegian Institute of International Affairs)
Year2010
Volume86
Issue5
Pages1075-1090
Publication date2010-09-27
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueInternational Affairs (JOURNAL)
Journal identifiersISSN: 0020-5850 • E-ISSN: 1468-2346
PublisherOxford University Press (OUP) (PUBLISHER)
DOI10.1111/j.1468-2346.2010.00929.x
OpenAlexW2147844923
LanguageEN
Citations received17

The plan for the southern energy corridor delivering a new secure supply of natural gas to the European Union is shaped by projects for two pipelines—Nabucco and the South Stream. Economic rationales for both projects are far from solid as the prospects for returns on massive investments are doubtful due to uncertainty about demand. Much political effort has nevertheless been expended on advancing these competing ‘mega-projects’, which have acquired symbolic status in different approaches to securitization of energy matters. The continuing recession has not added much weight to common economic sense, which dictates that the most efficient way to bring Russian and Caspian gas to Europe is modernization and joint management of Ukrainian gas infrastructure. Parallel construction of both pipelines remains the most probable outcome of their ‘race’, while simultaneous cancellation could have saved resources and political faces

Business · Economic growth · Economic system · Economics · Economy · Geopolitics · Modernization theory · Pipeline transport · Political science · Politics · Race (biology) · Recession · Securitization · Sociology · Arctic and Russian Policy Studies · Engineering · Finance · Global Energy Security and Policy · Russia and Soviet political economy

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Unique citing works17
Citations per year1.21
Citation span2012 - 2024 (13)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 15

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