Reflets et perspectives de la vie économique
De Boeck Université

I.S.B.N.2-8041-5473-8
180 pages

p. 31 à 48
doi: en cours

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Tome XLVI 2007/4

Energy Interdependence in a Multi-polar World: Towards a Market-based Strategy for Safeguarding European Energy Supplies

Jan Horst Keppler
Europe is a large energy importing region and destined to remain so for the foreseeable future. Ensuring the security of its energy supplies is principally hampered by two issues: first, the lack of a sustainable policy trade-off between the competing objectives of security of energy supply, competitiveness and environmental protection; second, a clear understanding that security of supply for an energy importing region demands first and foremost the multilateral strengthening of the global energy trading system. The article will provide in its first part an overview of the European energy situation and will outline in its second part promising directions for policy-action at the European level.
JEL codes: Q43; Q48Keywords : European energy supply, policy interaction, governance of energy markets, multilateral approaches, policy priorities.
• Introduction
— A difficult European energy supply situation
— The inability of decision-makers to develop a coherent energy policy
• The Energy Security Situation in Europe
— The Oil Sector
— The Gas Sector
• Key Developments Likely to Impact EU Security of Energy Supply
— Russia – Merits and Limits of a Special Relationship
— OPEC – Still the Centre of the Oil World
— The United States – Big Boats Turn Slowly
• A Multilateral Framework for European Energy Supplies
• Conclusion
• Bibliography


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