Risks on the Security of Oil and Gas Supply

Abstract

European energy demand and import dependence continues to increase and primary energy sources are mainly used to cover European energy needs, making clear that the risks of energy security of supply and their minimization is a critical issue. The aim of this article is to address the energy supply status, considering the energy supply corridors to the European Union, in order to underline the importance of risk analysis and risk minimization. The aim of this article is to present an overview of possible risks to smooth energy supply. The emphasis is given on oil and natural gas's categorization of most important risks, as well as the presentation and analysis of collection of incidents that justify the categorization itself.

Keywords:

• energy supply security
• oil & gas
• risks

Notes

*bbl/d: barrels per day.