Energy Security and Integration

27-04-2016

The above studies and debate indicate that there is no single solution to increasing energy security and integration. However, it is clear that increased cooperation and coordination on a European level is needed to enhance energy independence, particularly in view of the differences between Member States in relation to their degree of energy dependency. The current proposal only covers gas supply and not electricity supply, making it more difficult to assess to what extent the proposal will enhance energy security overall. While the proposal strengthens the oversight role of the European Commission, it is not clear whether the increased information requirements would contribute to a more transparent and therefore more competitive market. Taking into account the global developments is also important. LNG demand in Asia, as well as conflicts in the Middle East, will have an effect on available resources and on energy security. This increases the importance of linking EU energy policy with EU external relations as called for by Parliament. Overall, a variety of initiatives are needed, together with careful consideration of the consequences of these choices, and a recognition that EU energy dependency will continue for some time.

The above studies and debate indicate that there is no single solution to increasing energy security and integration. However, it is clear that increased cooperation and coordination on a European level is needed to enhance energy independence, particularly in view of the differences between Member States in relation to their degree of energy dependency. The current proposal only covers gas supply and not electricity supply, making it more difficult to assess to what extent the proposal will enhance energy security overall. While the proposal strengthens the oversight role of the European Commission, it is not clear whether the increased information requirements would contribute to a more transparent and therefore more competitive market. Taking into account the global developments is also important. LNG demand in Asia, as well as conflicts in the Middle East, will have an effect on available resources and on energy security. This increases the importance of linking EU energy policy with EU external relations as called for by Parliament. Overall, a variety of initiatives are needed, together with careful consideration of the consequences of these choices, and a recognition that EU energy dependency will continue for some time.