5 Basic Principles Of Energy Security

5 Basic Principles Of Energy Security Energy security is put in first place among the priorities facing the European Union. Although the problems of ensuring energy security were standing in front of a united Europe from the beginning of the integration process in recent years they have acquired the greatest relevance and importance for the EU. This is due to the fact that today the EU depends 50% on external energy supplies to its market and on the policies pursued by supplier states. In addition, European countries are concerned about the well-known problems with the energy supply for them against the backdrop of turmoil between Russia, as the main EU energy supplier and Belarus and Ukraine, through whose territory the Russian hydrocarbons are delivered to the West. Russian-Ukrainian standoff on the issue of gas prices and transportation is the major concern of EU member states and compel them to talk about the need to diversify energy supplies. Concentrating 7% of world population, more than a quarter of world GDP an d 20% of world trade, the EU has only 2% of the world’s â€Å"black gold† and 4% natural gas. Limitation of its own resource base in Europe accounts for a significant dependence of the EU on external energy supplies. The European natural gas market is the third largest in the world. The volume of gas consumption in EU countries reached 513 billion m3 (21% of world consumption). Russia is the second largest EU oil supplier and provides 33% of the EU â€Å"black gold† needs. The Russian Gazprom is the leader in EU natural gas supplies with 46% of total. If we talk about security of energy supplies, the main task in this area is the energy sectors geographical and resource diversification i.e. the expansion of supply sources, supply routes and pipelines. The EU security in energy sector NABUKO I EU The European Union is seeking to protect self from energy dependence on Russia with diversification of natural gas supplies policy by agreements with non-conventional en ergy suppliers, the Caspian states (Caspian states have only 4-5% of world’s gas reserves). But due to the unreliability of Russian energy supplies through third countries (Belarus and Ukraine) as well as the possibility of using Russian resources as a political tool, transporting Caspian Sea hydrocarbons (Azerbaijan, Kazakhstan and Turkmenistan) to the West has acquired great importance to the EU. Improve supply reliability and energy security EU responsible implementation of the Southern Gas Corridor. The planned corridor is composed of three parts: the Trans-Caspian gas pipeline (the project provides for delivery of natural gas from Kazakhstan and Turkmenistan to Azerbaijan), Baku – Tbilisi – Erzurum (from Azerbaijan through Georgia to Turkey) and Nabucco (from Turkish territory, via Bulgaria, Romania, Hungary Austria). Thus, the reliability of energy supply in Europe is due to the changing geography of supply, increasing the number of exporting countries, th e creation of new infrastructure facilities. In the face of increasing competition from non-traditional suppliers of hydrocarbons Russia is very important to maintain the competitiveness of their energy in the European market, to ensure effective and reliable conditions for their transit to Western Europe.