Energy Policy of European Union: An Evaluation with regard to the Energy Supply Security

Abstract

After the global oil crisis, especially after the interruption of natural gas flow coming through Ukraine, the attempts to improve the energy policy in European Union accelerated. The dependency of European Union on external sources has damaged the trust for sustainable energy supply in Europe. As a result of such lessening trust for energy supply, the European Union authorities have concentrated on diversification of the energy supply sources. Especially, authorities of European Commission started to design energy policy after crisis of natural gas transfer from Ukraine. Accordingly, the rebuilding of the trust for energy supply requires to increase European Commission role in the making of energy policy.