Global Energy Security and European Union: A Review
Keywords:European Union, global energy security, energy security
Energy supply security is a vital aim of energy policy in countries across the globe. Global energy security is one of the main concerns as it depends on the concentrations of the energy supplies political pressure from energy exporters. In Europe’s case, energy security has been of large concern by the gas crisis which resulted from gas prices and debts that caused the halt in Russian gas flowing through Ukraine’s pipelines. The crisis coincidentally happened during the increasing concerns in the nationalism resource of energy exporters as well as the circumstance involving high oil prices. Europe’s economies were a huge concern as it was susceptible of energy exporters’ political pressure and the rivalry with the resource demanding China. Energy security, however, is still confused as it is shown in political actions. The focus of energy security in the U.S. has originally been to reduce the susceptibility of it towards political manipulation and that has tipped the politicians to voice out for the independence of energy increasing shares of renewable energy. The plan of energy independence in Brazil, however, had come to a reality as there were timeframes of politician represented a rising share in fossil fuel supply imports and lowered shares of renewable energy as to encourage energy security. For other countries, the energy security they went for was the protection of the poor in countering the products price instability while others highlight the prominence of defending the economy in contrast of the disturbance in energy service supplies which is done by letting the prices of products to increase in times of shortage. The paper will define the energy security better in terms of the European Union as to shed some light on the issue. It will review the European Union and the global energy security whilst including the implication of oil market which will be concentrated in terms of EU, elaboration of the energy security of EU in context of foreign relation, the physical security issues and challenges faced by EU, and the elaboration of energy policy of EU.