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22. Through the Looking Glass: The Nordic-Baltic Region and the Changing Role of the United States
- Author:
- Piret Kuusik
- Publication Date:
- 06-2020
- Content Type:
- Special Report
- Institution:
- International Centre for Defence and Security - ICDS
- Abstract:
- Strengths and power come from within. While the US still dominates in terms of power of attraction, its fraught domestic situation undermines its global standing. This analysis focuses on the countries in the Nordic-Baltic region – Denmark, Estonia, Finland, Latvia, Lithuania and Sweden – and assesses how they are adapting to President Donald Trump administration’s foreign policy and the changing role of the US in the world. President Trump has stirred the current world order and the US foreign policy. Previous long-term and broad US foreign policy has become narrow and shallow. Immediate gain has become the new measure of success in US external relations; setting the direction and interests of US foreign policy. To the region and Europe at large, this has been a shake-up which consequences have not been thoroughly analysed and debated in the public space. The analysis hopes to serve as an opener to a broader debate in Estonia and in the Nordic-Baltic region about the US’s changing role and the following consequences. The analysis desires to advance regional cooperation and shared thinking; helping policy-makers, journalists, researchers and politicians to contribute to the future discussions.
- Topic:
- Foreign Policy, European Union, Transatlantic Relations, and Donald Trump
- Political Geography:
- Europe, United States of America, and Baltic States
23. Stepping on the Gas: Future-Proofing Estonia’s Energy Market and Security
- Author:
- Andrei V. Belyi
- Publication Date:
- 05-2019
- Content Type:
- Special Report
- Institution:
- International Centre for Defence and Security - ICDS
- Abstract:
- The Baltic region is making a significant progress in developing functioning regional natural gas market, expanding and integrating the related infrastructure, and ensuring the security of supply. However, there are multiple factors—at the national, regional, European and even global levels—that prevent this from becoming an ideal market capable of delivering greater security at a reasonable cost. Liquidity of the market is low due to falling consumption; state aid and state participation in the energy enterprises discourage private investments and distort market conditions, while geopolitical tensions between the West and Russia add further complications. The report considers the trends in the overall natural gas sector—such as greater portion of trade being conducted in gas trading hubs; more reliance on spot pricing rather than long-term contracts; LNG glut in the global markets, introduction of “virtual pipelines” and flexible infrastructure, pressure to reduce CO2 emissions as well as the US entry into the global LNG market as a major player—and analyses their implications to Estonia. It puts forward a number of recommendations on how to create and sustain the conditions necessary for efficient natural gas market in the region as well as for improved energy security of Estonia.
- Topic:
- Security, Energy Policy, European Union, Economy, and Resilience
- Political Geography:
- Russia and United States of America
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