The European Union and its Energy Security Challenges

Journal of World Energy Law and Business, Vol. 8, 2015, Oxford University Press

Queen Mary School of Law Legal Studies Research Paper No. 205/2015

46 Pages Posted: 10 Jun 2015 Last revised: 13 Jul 2015

See all articles by Rafael Leal-Arcas

Rafael Leal-Arcas

Alfaisal University

Juan Alemany Rios

Queen Mary, University of London

Costantino Grasso

Manchester Metropolitan University

Multiple version iconThere are 2 versions of this paper

Date Written: June 9, 2015

Abstract

Energy security remains a vital issue for the European Union (EU), even more so in the wake of the events that unfolded in early 2014 in Ukraine. The EU's already fragile position in the international energy arena in terms of security of supply appears to be more uncertain than ever after its umpteenth fallout with its historic energy supplier, Russia. This situation is untenable and calls for swift and decisive action to adequately tackle the issue once and for all. The paper looks at the creation of a single EU energy market through integration of energy networks in the EU. It then examines various ways to diversify the EU’s energy supply, whether through increasing the import of liquefied natural gas, through its relations with the Eurasian Union, the promotion of renewable energy or the construction of alternative pipelines and energy routes. The paper then offers an analysis of the latest developments of the Energy Charter Conference. The paper concludes that from energy transit, to technology transfer, to investment protection, energy and trade present interplays across various fields. Improvements can be made to the EU trading system to ensure greater energy security and more efficient energy markets.

Keywords: EU energy security, EU single energy market, diversification of energy supplies, liquefied natural gas, shale gas, Southern Gas Corridor, Turkish Stream, Trans-Anatolian pipeline, International Energy Charter, Yukos

Suggested Citation

Leal-Arcas, Rafael and Alemany Rios, Juan and Grasso, Costantino, The European Union and its Energy Security Challenges (June 9, 2015). Journal of World Energy Law and Business, Vol. 8, 2015, Oxford University Press, Queen Mary School of Law Legal Studies Research Paper No. 205/2015, Available at SSRN: https://ssrn.com/abstract=2616263

Rafael Leal-Arcas (Contact Author)

Alfaisal University ( email )

P.O. Box 50927
Riyadh, 11533
Saudi Arabia

Juan Alemany Rios

Queen Mary, University of London ( email )

Lincoln's Inn Fields
Mile End Rd.
London, E1 4NS
United Kingdom

Costantino Grasso

Manchester Metropolitan University ( email )

Burslem Building, South All Saints Campus
Lower Ormond Street
Manchester, Lancashire M15 6HB
United Kingdom
07478637037 (Phone)

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