Europe’s energy dependency risk

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The European Union has become too dependent on foreign sources of energy, much of which comes from unstable lands. Above all, Russia is Europe’s primary trading partner in energy, and more energy—especially in oil and gas—is likely to come from Russia in the future. However, this situation is undesirable, for a number of interwoven reasons. Europe should not allow itself to become hostage to political and economic developments in Russia, and should not be disadvantaged by Moscow’s foreign policy designs. This Strategic Briefing advocates that Europe must:

• Maintain a common front when dealing with foreign trading partners, especially
with regards to Russia.

• Search for new energy supplies and develop new technologies; this will allow for a reduction in the European Union’s dependence on foreign energy imports, particularly oil and gas.

Click here to download the full report

HJS



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