Unconventional Energy Sources and EU Energy Security: A Legal, Economic and Political Analysis

Oil, Gas & Energy Law Journal, Vol. 12, Issue 4, 2014, pp. 1-37

Queen Mary School of Law Legal Studies Research Paper No. 181/2014

38 Pages Posted: 23 Sep 2014 Last revised: 17 Nov 2014

See all articles by Rafael Leal-Arcas

Rafael Leal-Arcas

Queen Mary University of London - School of Law

Jan Schmitz

European Commission, Trade Relations with the United States

Date Written: September 22, 2014

Abstract

This paper examines the system of law and governance of international trade in unconventional energy sources. Currently, there is no cohesive governance for global energy trade. On the contrary, governance of energy trade mainly arises by default, rather than design, through the ad hoc interplay of different aspects of the international economic and political system. This has implications for the European Union (EU), which relies heavily on the rest of the world for its energy supply, and consequently its energy security. The paper provides some background to EU energy policy; it then explains the current revolution of unconventional sources of fossil fuel and how it may geopolitically impact the EU. The last section concludes the paper and provides some policy recommendations.

Keywords: International trade in energy law; EU energy policy; energy security; unconventional sources of fossil fuel; shale gas; geopolitics; OPEC

Suggested Citation

Leal-Arcas, Rafael and Schmitz, Jan, Unconventional Energy Sources and EU Energy Security: A Legal, Economic and Political Analysis (September 22, 2014). Oil, Gas & Energy Law Journal, Vol. 12, Issue 4, 2014, pp. 1-37; Queen Mary School of Law Legal Studies Research Paper No. 181/2014. Available at SSRN: https://ssrn.com/abstract=2499522

Rafael Leal-Arcas (Contact Author)

Queen Mary University of London - School of Law ( email )

67-69
Lincoln's Inn Fields
Holborn, London WC2A 3JB
United Kingdom

HOME PAGE: http://www.ccls.qmul.ac.uk/staff/lealarcas.html

Jan Schmitz

European Commission, Trade Relations with the United States ( email )

Rue de la Loi 200
Brussels, B-1049
Belgium

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