IDEAS home Printed from https://ideas.repec.org/a/brc/journl/v23y2013isp66-71.html
   My bibliography  Save this article

Is A New European Union Energy Policy Needed?

Author

Listed:
  • Irina, PETRUCA

    () (“Apollonia” University of Iasi, Romania)

Abstract

In January 2009, because of a different between Russia and Ukraine, a major natural gas pipeline was closed, this being the worst gas cut-off of the decade. Eighteen countries have been interrupted from gas supplies and countries which had limited reserves and a shortage of alternative supply met a serious energy deficit, in the middle of an especially cold winter. After 22 days, the gas flows to all European countries were back to the normal level. A result of this, and of another similar dispute from 2006, was that the EU has put into question the confidence on the Russian gas supplies. The insecurity has led to a renewal of the political interest in energy security on EU level. The Russian cut-offs have been like a wake-up call to policy makers at a time when the EU faces significant energy security challenges as a result of the emerging world order. More than half of its energy, the EU buys from non-EU sources, while the demand for energy is always higher. In the meantime, the EU production levels of hydrocarbons are decreasing, leading to higher dependency on non-EU sources. Thereby, the energy security became a globally important topic and will raise important challenges for the EU in the future.

Suggested Citation

  • Irina, PETRUCA, 2013. "Is A New European Union Energy Policy Needed?," Management Strategies Journal, Constantin Brancoveanu University, vol. 22(Special), pages 66-71.
  • Handle: RePEc:brc:journl:v:23:y:2013:i:s:p:66-71
    as

    Download full text from publisher

    File URL: http://www.strategiimanageriale.ro/papers/130508.pdf
    Download Restriction: no

    More about this item

    Keywords

    energy policy; reserves; EU; security; challenges;

    JEL classification:

    • Z00 - Other Special Topics - - General - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:brc:journl:v:23:y:2013:i:s:p:66-71. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dan MICUDA). General contact details of provider: http://www.univcb.ro/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.