European Energy Policy and Its Effects on Gas Security
Author | : Victorița Ștefana Anda Radu |
Publisher | : |
Total Pages | : 356 |
Release | : 2017 |
Genre | : Energy policy |
ISBN | : |
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The goal of this study is to examine the effects of the energy policies of the European Union (EU) on its gas security in the period 2006 to 2016. While energy security is often given a broad meaning, this paper focuses on its external dimension: the EU's relations with external gas suppliers. It is grounded on four pillars drawing from the compounded institutionalist and liberal theoretical frameworks: regulatory state, rational-choice, external governance, and regime effectiveness. The research question was investigated through a qualitative methodology with two main components: a legislative analysis and four case studies representing the main gas supply options - Russia, North African exporting countries, Norway, and liquefied natural gas (LNG). They highlighted that the EU framed the need for gas security mainly in the context of political risks associated with Russian gas supply, but it almost never took into account other equally important risks. Moreover, the research revealed two main issues. First, that the deeper and the more numerous EU's energy policies were, the bigger was the magnitude of the effect. Specifically, competitiveness and infrastructure policies had the largest magnitude, while the sustainability and security of supply policies had the smallest effect. Second, EU energy policies only partially diminished the economic and political risks in relation to foreign gas suppliers. To conclude, to a certain extent the EU's efforts made a positive contribution to the external dimension of the EU's gas security, but the distinguishing trait remains that there is no consistency in terms of the magnitude of the effect and its nature.