Abstract

https://ssrn.com/abstract=2616263
 


 



The European Union and its Energy Security Challenges


Rafael Leal-Arcas


Queen Mary University of London - School of Law

Juan Alemany Rios


Queen Mary, University of London

Costantino Grasso


University of East London - School of Business and Law

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

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.

Number of Pages in PDF File: 46

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


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Date posted: June 10, 2015 ; Last revised: July 13, 2015

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

Contact Information

Rafael Leal-Arcas (Contact Author)
Queen Mary University of London - School of Law ( email )
67-69 Lincoln’s Inn Fields
London, WC2A 3JB
United Kingdom
HOME PAGE: http://www.ccls.qmul.ac.uk/staff/lealarcas.html
Juan Alemany Rios
Queen Mary, University of London ( email )
Lincoln's Inn Fields
Mile End Rd.
London, E1 4NS
United Kingdom
Costantino Grasso
University of East London - School of Business and Law ( email )
University Square Stratford
1 Salway Road
London, Greater London E15 1NF
United Kingdom
+44 (0) 20 8223 3085 (Phone)
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