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Reinforcing the EU Energy Security by Strengthening External Cooperation

Alina Dumitrescu () and Oehler Şincai Iulia Monica ()
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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
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