The Energy Community, the Energy Charter Treaty and the Promotion of EU Energy Security
Buschle, D. and Talus, K. (eds.) The Energy Community: A New Energy Governance System, Intersentia, pp. 551-589, 2015
40 Pages Posted: 4 Jun 2015 Last revised: 8 Feb 2016
Date Written: June 3, 2015
The European Union (EU) is for its most part dependent on the world outside its borders for a steady and secure energy supply. The EU borders, or is close to, areas rich in energy-related natural resource endowments – such as Russia, the Caspian Sea, the Middle East and North Africa regions, and Norway – from where the bulk of energy imports into the EU are sourced. The collapse of the Soviet Union and of the bureaucratic regimes in Central and Eastern Europe – which precipitated the opening up of those economies to globalization and its attendant processes – has increasingly made their energy-related natural resource endowments available on global markets. Developed, yet energy-poor, Western economies – many of which have galvanized behind the EU – saw opportunities to enhance their energy security through those economies on the brink of collapse. To that end, the EU has sought to entangle those energy-rich (or otherwise ‘energy-significant’ states, e.g., regarding energy transit) areas into multilateral regimes – such as those based on the Energy Charter Treaty and the Energy Community. While both these special regimes count among their numbers several parties that are not EU member states, they are not neutral in their ontology, given that these regimes, since their inception, are inherently linked to the energy interests of EU economies. The present chapter presents an analysis of these regimes and their systemic relationship to the EU.
Keywords: Energy Charter Treaty, Energy Community, European Union, EU energy security
JEL Classification: N70, Q41, Q42, Q48, K33
Suggested Citation: Suggested Citation