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Quantifying the Energy Security of Selected EU Countries

Author

Listed:
  • Saleh Mothana Obadi

    (Institute of Economic Research, Slovak Academy of Sciences, Slovakia.)

  • Matej Korcek

    (Institute of Economic Research, Slovak Academy of Sciences, Slovakia.)

Abstract

This paper examines the energy security of a selected group of EU countries. The study covers period 2006-2017 and is done for selected group of countries Germany, France, Italy, Poland, Netherladns, United Kingdom and Slovakia. The primary used methodology is the z-score standardization. In order to obtain an index of greater complexity, we extended this methodology by incorporating Herfindahl-Hirschmann index (HHI) values for natural gas imports. Our findings suggest, that, among the largest energy consuming countries in the EU, Italy came as the country with the highest level of energy security index (ESI) as it benefitted from improved security of Supply. France ESI slightly decreased due to worsening indicator of economic availability. Poland and Slovakia both suffered from low advancements in the are of environmental acceptability. The complexity of the solved problem caueses undesired consequences, as development of ESI index deteriorated after German nulear phase-out. The paper clearly ducuments there there is not a single way how to approach enhancing a country s energy security.

Suggested Citation

  • Saleh Mothana Obadi & Matej Korcek, 2020. "Quantifying the Energy Security of Selected EU Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 10(2), pages 276-284.
    • Handle: RePEc:eco:journ2:2020-02-33
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    References listed on IDEAS

    as
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    Cited by:

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    2. Idiano D'Adamo & Massimo Gastaldi & Paolo Rosa, 2021. "Assessing Environmental and Energetic Indexes in 27 European Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 11(3), pages 417-423.
    3. Adinda Franky Nelwan & Rinaldy Dalimi & Chairul Hudaya, 2021. "A New Formula to Quantify the National Energy Security of the World s Top Ten Most Populous Nations," International Journal of Energy Economics and Policy, Econjournals, vol. 11(1), pages 394-406.
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    5. Amin, Sakib Bin & Chang, Youngho & Khan, Farhan & Taghizadeh-Hesary, Farhad, 2022. "Energy security and sustainable energy policy in Bangladesh: From the lens of 4As framework," Energy Policy, Elsevier, vol. 161(C).

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    More about this item

    Keywords

    Energy security; EU; Z-score standardization; Herfindahl-Hirschmann index; natural gas;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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