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Energy Security: Theoretical Interpretations and Quantitative Evaluation

Author

Listed:
  • Stanislav Z. Zhiznin

    (Moscow State Institute of International Relations (MGIMO) University, 76 Pr. Vernadskogo, Moscow, Russia,)

  • Vladimir M. Timohov

    (Center of Energy Diplomacy and Geopolitics, 119019, Moscow, Russia,)

  • Velislava Dineva

    (Department of International Energy Cooperation, Energy Projects and International Cooperation Directorate, Ministry of Energy of the Republic of Bulgaria, Sofia 1618, Bulgaria.)

Abstract

Although the question of energy security is regarded as an integral part of the contemporary political agenda, there is no single definition that has been agreed among the international community. The term itself has been evolving for more than 40 years of use. This article reviewes and compares existing definitions of the concept at global, regional, and national levels as well as from scientific point of view. It is commonly accepted that security is related to risk. Identifying and measuring energy security risks is a difficult task as the term contains elements whose meaning often depends on the context. Since the energy system cannot be fully protected, it is appropriate to consider energy security as a risk management problem. This article analyses existing energy security assessment literature and proposes a complemented approach for measuring and evaluating national energy security.

Suggested Citation

  • Stanislav Z. Zhiznin & Vladimir M. Timohov & Velislava Dineva, 2020. "Energy Security: Theoretical Interpretations and Quantitative Evaluation," International Journal of Energy Economics and Policy, Econjournals, vol. 10(2), pages 390-400.
    • Handle: RePEc:eco:journ2:2020-02-45
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    Citations

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    Cited by:

    1. Pothen, Frank & Hübler, Michael, 2021. "A forward calibration method for analyzing energy policy in new quantitative trade models," Energy Economics, Elsevier, vol. 100(C).
    2. Stanislav Zhiznin & Velislava Dineva, 2022. "The Role of Gas Interconnections in the Energy Security of South East Europe," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 38-59.
    3. Zhang, Long & Bai, Wuliyasu & Xiao, Huijuan & Ren, Jingzheng, 2021. "Measuring and improving regional energy security: A methodological framework based on both quantitative and qualitative analysis," Energy, Elsevier, vol. 227(C).
    4. Bigerna, Simona & D’Errico, Maria Chiara & Polinori, Paolo, 2022. "Dynamic forecast error variance decomposition as risk management process for the Gulf Cooperation Council oil portfolios," Resources Policy, Elsevier, vol. 78(C).
    5. 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.
    6. Bigerna, Simona & D'Errico, Maria Chiara & Polinori, Paolo & Simshauer, Paul, 2022. "Renewable energy and portfolio volatility spillover effects of GCC oil exporting countries," MPRA Paper 114164, University Library of Munich, Germany.
    7. Aritra Ghosh, 2020. "Soiling Losses: A Barrier for India’s Energy Security Dependency from Photovoltaic Power," Challenges, MDPI, vol. 11(1), pages 1-22, May.

    More about this item

    Keywords

    Energy security; energy policy; energy system; risk; uncertainty; indicators; assessment framework.;
    All these keywords.

    JEL classification:

    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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