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EU Foreign Energy Policy – The Vulnerable Part of Energy Union Strategy

Author

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  • MARIANA PAPATULICĂ

    (Senior researcher Centre of European Studies, Institute for World Economy, Bucharest, ROMANIA)

Abstract

Despite the liberalization and harmonization of energy laws started by the European Commission in the midst of 1990s, EU energy policy has remained traditionally a national problem rather than a common one. European energy sector remains fragmented, not only because of the technical complexity of energy markets and geography of Europe, but also due to lack of political initiative at national level to remove obstacles in the way of integration of national markets into a single market. Despite the technical difficulties associated with the creation and management of large energy markets, industry experts believe that one can find further integration solutions for regional convergence and overall price. Lack of premises in this area made that major decisions of some countries facing the same challenge in this field lead to a further fragmentation of the market, which lead to the national supremacy over the Community level, at least for this stage. One of the most vulnerable part of Energy union strategy is the absence of a common external energy policy; being directetly related to the concept of security of supply, in order to reach its main objectives of diversification of energy sources and security of transport routes it requires a better system response to the crisis determined by the unstable international market for fossil energy and a collective energy security approach at EU level

Suggested Citation

  • Mariana Papatulică, 2016. "EU Foreign Energy Policy – The Vulnerable Part of Energy Union Strategy," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 4(1), pages 1-9, November.
  • Handle: RePEc:ntu:ntugeo:vol4-iss2-16-001
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    File URL: http://www.globeco.ro/wp-content/uploads/vol/split/vol_4_no_2/geo_2016_vol4_no2_art_001.pdf
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    Citations

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    Cited by:

    1. Alina Ligia Dumitrescu & Iulia Monica Oehler Şincai, 2018. "Reinforcing the EU Energy Security by Strengthening External Cooperation," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 6(1), June.

    More about this item

    Keywords

    European energy union; energy security; external energy policy; source diversification; integrated energy market.;
    All these keywords.

    JEL classification:

    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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