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The Ukraine War, the New Geopolitics of Energy, and Norway

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Summary:

This study aims to address the question of how Russia’s invasion of Ukraine in 2022 has changed patterns of regional and global energy interactions and how this influences perceptions of Norway as a major regional energy actor. To examine these important questions, we will proceed in the following manner. In the first part of this study, we will present our operational understanding of the key concepts shaping our thinking about the relationship between the geopolitical and geoeconomic aspects of international cooperation and rivalry. Here we also will discuss the role of various national instruments of power in the pursuit of geopolitical and geoeconomic objectives.

In the second part we narrow the scope of this examination to shed light on the relationship between geopolitics and energy in global and regional contexts, paying special attention to trends shaping the international energy game. This includes the changing role of Russia; how green energy transition reshapes international energy cooperation and how old and new energy-related policy instruments are evolving in this rapidly changing energy landscape. In addition, we also examine the nature of the old and new threats to energy flows, particularly those related to critical energy infrastructure.

In the third part of this study, we examine the direct and indirect impacts the Russian war against Ukraine has had on energy markets and what implications these recent developments have for the position of Norway as a major energy actor. Norway’s importance for energy consumers, especially in Europe, has increased because of the war. Although the global energy trends discussed in the previous section also influence Norway and Europe, the focus in the latter section is on the regional dimension as Norway’s energy supplies reach first and foremost Europe.

Finally, we examine possible scenarios that may influence energy markets and geopolitical conditions, with special attention paid to global factors with the potential to cause serious shifts. Part of the focus is on possible technological breakthroughs that may change the parameters of the international energy interactions and undermine the position of traditional energy producers and exporters.
  • Published year: 2023
  • Publisher: NUPI
  • Language: English

Themes

  • Europe
  • Russia and Eurasia
  • Conflict
  • Energy