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Reinforcing the EU Energy Security by Strengthening External Cooperation

Author

Listed:
  • ALINA LIGIA DUMITRESCU

    (Centre for European Studies Institute for World Economy of the Romanian Academy)

  • IULIA MONICA OEHLER ŞINCAI

    (The New International Economic Order Department Institute for World Economy of the Romanian Academy)

Abstract

This paper focuses on the course of action to strengthen energy security by expanding and diversifying economic cooperation and energy diplomacy in the EU in general and in particular in Romania. Romania has already taken important steps to integrate into the Energy Union which is taking shape, but it has to strengthen the external dimension of its energy policy by developing its energy infrastructure to step up regional cooperation with Central and Southeast European countries and also with other neighbours such as Moldova, Serbia, Ukraine, in order to diversify its export destinations. For Romania and the Republic of Moldova, the integration of the latter’s energy market into the EU one, both in the gas and electricity sectors, is an economic and strategic priority at the same time. Romania could make more efforts to increase its energy security by extending its partnership network with major international market players, especially with the US and China, for the diversification of its energy mix.

Suggested Citation

  • 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.
    • Handle: RePEc:ntu:ntugeo:vol6-iss1-18-25
    as

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    File URL: http://www.globeco.ro/wp-content/uploads/vol/split/vol_6_no_1/geo_2018_vol6_no1_art_003.pdf
    File Function: First version, 2018
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    References listed on IDEAS

    as
    1. Dumitrescu Alina Ligia & Iulia Monica Oehler-Şincai, 2017. "The External Dimension Of The Energy Union," Euroinfo, Institute for World Economy, Romanian Academy, vol. 1(11-12), pages 40-56, November .
    2. 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.
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      More about this item

      Keywords

      EU; energy security; external cooperation; regional cooperation;
      All these keywords.

      JEL classification:

      • F5 - International Economics - - International Relations, National Security, and International Political Economy
      • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
      • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting
      • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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