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The External Dimension Of The Energy Union

Author

Listed:
  • Dumitrescu Alina Ligia
  • Iulia Monica Oehler-Şincai

Abstract

The main objective of this article, based on qualitative analysis, is to review Community initiatives to implement the Energy Union, highlighting EU partnerships in this area. This analysis is not an exhaustive one, but aims at capturing the main components and motivations of this ambitious Community project, strongly anchored in the current economic and geostrategic reality. In the view of the authors, the EU's external energy policy or the so-called "the external dimension of the EU" is a complex process,which at the same time requires a strategic vision of reducing the EU's energy dependency from a single source and ensures energy security by diversifying routes and energy sources, but also implies a very good negotiating capacity in order to obtain advantageous contracts and competitive prices for energy.

Suggested Citation

  • Dumitrescu Alina Ligia & Iulia Monica Oehler-Şincai, 2017. "The External Dimension Of The Energy Union," Euroinfo, Institute for World Economy, Romanian Academy, vol. 1(11-12), pages 40-56, November .
  • Handle: RePEc:iem:eurinf:v:1:y:2017:i:11-12:p:40-56
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    File URL: http://www.iem.ro/rem/index.php/euroinfo/article/view/607/691
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    Citations

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    Cited by:

    1. Alina Ligia Dumitrescu & Iulia Monica Oehler Şincai, 2018. "Reinforcing the EU Energy Security by Strengthening External Cooperation," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 6(1), June.

    More about this item

    Keywords

    EU; energy; economic cooperation; external dimension;
    All these keywords.

    JEL classification:

    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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