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Energy security

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Energy security

The International Energy Agency defines the concept of “energy security” as the continuous and uninterrupted availability of energy sources.

It means: preserving the safety of various energy sources, ensuring the safety of production sources, and ensuring the safety of energy products reaching their users.

We at the International Energy Security Agency define the concept of energy security as: preserving the safety of various energy sources, ensuring the safety of production sources, and ensuring the safety of energy products reaching their users.

Based on these definitions, we find a difference in the concept of long-term energy security as a means of energy supply in light of economic development and environmental requirements, and short-term energy security as a way to enable the current energy system to respond immediately to sudden changes in the balance between supply and demand. It is worth noting that energy security in the short and long term requires a diverse and comprehensive set of initiatives and compatible policies to meet market objectives and ensure a safe path to providing energy sources.

We find that the United Nations defines energy security as: the state in which energy supplies are available at all times, in a variety of forms, in sufficient quantities, and at appropriate and reasonable prices.
Thus, energy security issues fluctuate between abundant supplies at all times and at appropriate prices, and this concept is a traditional concept that serves the interests of energy consumers in favor of its producers.

While the European Commission identified four main pillars on which European energy security is based:

  • • Working to diversify energy sources, which would reduce dependency on a particular resource or country.
  • • Managing the request item by introducing different concepts related to the principle of energy efficiency and with the aim of reducing energy consumption as much as possible.
  • • Strong management and control of external supply by entering into strong partnerships with the main countries, on which the European Union depends to secure its oil and gas requirements.
  • • Working to avoid crises in the energy market, through the conviction that achieving security of supply necessarily requires that markets be strongly regulated and not affected by crises as much as possible.