Publication

This paper discusses the energy market and energy security in Europe. The first section of the paper looks at where the EU energy market stands globally. The second focuses on internal factors shaping EU’s external energy policy. The third section illustrates the EU’s relations with its external partners: Russia as a strategic partner; Ukraine, as the most important transit country and the key Eastern partner, the Southern Corridor as the priority infrastructure project outside the EU; and North Africa as an example of current serious challenges the EU is facing in its external energy policy. The final section recapitulates the most important challenges facing EU's energy policy.