Reinforcing the EU Energy Security by Strengthening External Cooperation

Alina Dumitrescu and Oehler Şincai Iulia Monica ()
Additional contact information
Oehler Şincai Iulia Monica: The New International Economic Order Department Institute for World Economy of the Romanian Academy
Authors registered in the RePEc Author Service: Iulia Monica Oehler-Şincai

Global Economic Observer, 2018, vol. 6, issue 1

Abstract: This paper focuses on the course of action to strengthen energy security by expanding and diversifying economic cooperation and energy diplomacy in the EU in general and in particular in Romania. Romania has already taken important steps to integrate into the Energy Union which is taking shape, but it has to strengthen the external dimension of its energy policy by developing its energy infrastructure to step up regional cooperation with Central and Southeast European countries and also with other neighbours such as Moldova, Serbia, Ukraine, in order to diversify its export destinations. For Romania and the Republic of Moldova, the integration of the latter’s energy market into the EU one, both in the gas and electricity sectors, is an economic and strategic priority at the same time. Romania could make more efforts to increase its energy security by extending its partnership network with major international market players, especially with the US and China, for the diversification of its energy mix.

Keywords: EU; energy security; external cooperation; regional cooperation (search for similar items in EconPapers)
JEL-codes: F5 Q41 Q47 Q48 (search for similar items in EconPapers)
Date: 2018-06
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.globeco.ro/wp-content/uploads/vol/split ... vol6_no1_art_003.pdf First version, 2018 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ntu:ntugeo:vol6-iss1-18-25

Access Statistics for this article

Global Economic Observer is currently edited by Serghei Margulescu and Simona Moagar-Poladian

More articles in Global Economic Observer from "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences Contact information at EDIRC., Institute for World Economy of the Romanian Academy
Bibliographic data for series maintained by Stefan Ciucu ( this e-mail address is bad, please contact ).