Item Details
Skip Navigation Links
   ActiveUsers:2639Hits:20921691Skip Navigation Links
Show My Basket
Contact Us
IDSA Web Site
Ask Us
Today's News
HelpExpand Help
Advanced search

In Basket
  Journal Article   Journal Article
 

ID175896
Title ProperHas the global expansion of energy markets truly improved energy security?
LanguageENG
AuthorAziizSutrisnoaӦnderNomalerbFloorAlkemadea ;  Sutrisnoa, Aziiz ;  Alkemadea, Floor ;  Nomalerb, Ӧnder
Summary / Abstract (Note)Global energy trade volumes have sharply increased over the past three decades, creating a more connected energy system. Increasing demand for energy, the emergence of unconventional fossil fuels, increasing environmental awareness, and technological progress in energy technologies have led to significant changes in national energy mixes and in global trade patterns. For many countries, energy security is the dominant concern in the design of energy trade strategies and policies. In this paper, we present a systematic analysis of the factors shaping the global energy trade network, considering several energy security indicators as well as broader economic considerations. We observe that, in line with energy security considerations, most countries have indeed increased the number of their trade connections resulting in a more densely connected global energy network. However, a substantial part of countries’ energy commodity imports often still comes only from a few incumbent suppliers. Due to this supplier concentration global energy security does not increase with the expansion of the energy markets. Increasing energy security will require fundamental changes in the organization of the energy market in terms of contracts and the flexibility of energy infrastructures.
`In' analytical NoteEnergy Policy Vol. 148 PA, Jan 2021 : p.111931
Journal SourceEnergy Policy 2021-01 148 PA, JAN
Key WordsEnergy Security ;  Primary Energy Trade ;  Trade Network