Europe's External Energy Policy: Between Geopolitics and the Market

Abstract

While energy security has gradually been incorporated into the EU's foreign policy calculus, the declared approach of extending a nexus of 'market-governance' energy norms has been realized only to a limited extent. The EU has eschewed a comprehensively political approach to energy security, with its energy security policy currently hovering ineffectively between market and geopolitical approaches. The EU needs more effectively to address the way that governance structures in producer states impact upon European energy interests.

Keywords: Energy, Security of supply