BRICS Countries Energy Cooperation. Significance of the Issue

The article studies one of the key spheres of BRICS framework - energy security. Given the recent decline of economic growth rates in BRICS countries, highlighting of such areas as infrastructural funding and establishing of effective international financial regulatory institutions, beneficial coope...

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Main Author: M. O. Ryazanova
Format: Article
Language:English
Published: MGIMO University Press 2014-12-01
Series:Vestnik MGIMO-Universiteta
Subjects:
Online Access:https://www.vestnik.mgimo.ru/jour/article/view/249
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author M. O. Ryazanova
author_facet M. O. Ryazanova
author_sort M. O. Ryazanova
collection DOAJ
description The article studies one of the key spheres of BRICS framework - energy security. Given the recent decline of economic growth rates in BRICS countries, highlighting of such areas as infrastructural funding and establishing of effective international financial regulatory institutions, beneficial cooperation in energy sector despite its importance for the national interests of member states, nowadays perspectives of BRICS cooperation in energy security seem to be unclear for the leading researchers and analysts. The article contemplates the evolution of energy cooperation issue in the context of BRICS summits. Besides,proceeding from the classification of energy resources into two groups - traditional ones and eco-fuels - the analysis helps to determine potential ways of interaction within the member states taking into account bothmotivating and constraining factors. However, notwithstanding the possibility of the intergroup multilateralrelations in this sphere and overall strengthening of economic ties among the members, the BRICS energy cooperation iscurrently of bilateral and unequally developed nature, which is determined by a number of historically formed circumstances and national interests.
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spelling doaj-art-cdec577b137d4a15b49ca091c709114e2025-01-30T12:16:11ZengMGIMO University PressVestnik MGIMO-Universiteta2071-81602541-90992014-12-0106(39)10811610.24833/2071-8160-2014-6-39-108-116249BRICS Countries Energy Cooperation. Significance of the IssueM. O. Ryazanova0Embassy of the Russian Federation in the UKThe article studies one of the key spheres of BRICS framework - energy security. Given the recent decline of economic growth rates in BRICS countries, highlighting of such areas as infrastructural funding and establishing of effective international financial regulatory institutions, beneficial cooperation in energy sector despite its importance for the national interests of member states, nowadays perspectives of BRICS cooperation in energy security seem to be unclear for the leading researchers and analysts. The article contemplates the evolution of energy cooperation issue in the context of BRICS summits. Besides,proceeding from the classification of energy resources into two groups - traditional ones and eco-fuels - the analysis helps to determine potential ways of interaction within the member states taking into account bothmotivating and constraining factors. However, notwithstanding the possibility of the intergroup multilateralrelations in this sphere and overall strengthening of economic ties among the members, the BRICS energy cooperation iscurrently of bilateral and unequally developed nature, which is determined by a number of historically formed circumstances and national interests.https://www.vestnik.mgimo.ru/jour/article/view/249bricsnational securityenergyenergy securityenergy sectorenergy efficiencybiofuelbrics energy association
spellingShingle M. O. Ryazanova
BRICS Countries Energy Cooperation. Significance of the Issue
Vestnik MGIMO-Universiteta
brics
national security
energy
energy security
energy sector
energy efficiency
biofuel
brics energy association
title BRICS Countries Energy Cooperation. Significance of the Issue
title_full BRICS Countries Energy Cooperation. Significance of the Issue
title_fullStr BRICS Countries Energy Cooperation. Significance of the Issue
title_full_unstemmed BRICS Countries Energy Cooperation. Significance of the Issue
title_short BRICS Countries Energy Cooperation. Significance of the Issue
title_sort brics countries energy cooperation significance of the issue
topic brics
national security
energy
energy security
energy sector
energy efficiency
biofuel
brics energy association
url https://www.vestnik.mgimo.ru/jour/article/view/249
work_keys_str_mv AT moryazanova bricscountriesenergycooperationsignificanceoftheissue