While energy security has gradually been incorporated into the EU's foreign policy calculus, the declared approach of extending a nexus of 'market-governance' energy norms has been realised only to a limited extent. The EU has eschewed a comprehensively political approach to energy security, with its energy security policy currently hovering ineffectively between market and geopolitical approaches. The EU needs to address more effectively the way in which governance structures in producer states impact upon European energy interests.
SETA Foundation for Political, Economic and Social Research
Abstract:
Russia has found an innovative way to ring in the New Year with its European partners: threatening to cut off energy supplies. At the beginning of 2006, it was gas exports through Ukraine; in January 2007, it was oil supplies through Belarus. Although President Lukashenko backed down and oil again flowed to Europe, the actions of pipeline monopoly Transneft –and President Putin's failure to inform Germany about the impending cutoff– presented German Chancellor Angela Merkel with an unwelcome start to Germany's EU presidency.
SETA Foundation for Political, Economic and Social Research
Abstract:
Turkey is an energy importer. It has a growing economy demanding about 7 % more energy each year. It has about 41,000 MW electric power generation capacity, and this capacity must be doubled in the next 10 year to meet the demand. Natural gas has a significant share in electricity production, which should be reduced. Domestic energy supplies and renewable energies should be employed in meeting increasing energy demand. Turkey has taken major steps toward liberalization of its energy market. Private enterprises are expected to invest in the energy market in a timely manner. The country also has the potential to be an "energy corridor" between the gas and oil producing countries and the importing European countries.
Energy security means different things to different countries. Importing countries primarily focus on supply. Since the oil price shocks of the 1970s, the focus of energy security has been on achieving adequate supplies at reasonable prices, without incurring serious disruptions. Recent high prices have intensified this concern and renewed interest in policies to bring prices down.
Topic:
Security, Energy Policy, and Oil
Political Geography:
Russia, China, Europe, Middle East, India, Asia, and Saudi Arabia