Energy Security: Theoretical Interpretations and Quantitative Evaluation

Authors

  • Stanislav Z. Zhiznin Moscow State Institute of International Relations (MGIMO)
  • Vladimir M. Timohov Center of Energy Diplomacy and Geopolitics
  • Velislava Dineva Ministry of Energy

Abstract

Although the question of energy security is regarded as an integral part of the contemporary political agenda, there is no single definition that has been agreed among the international community. The term itself has been evolving for more than 40 years of use. This article reviewes and compares existing definitions of the concept at global, regional, and national levels as well as from scientific point of view. It is commonly accepted that security is related to risk. Identifying and measuring energy security risks is a difficult task as the term contains elements whose meaning often depends on the context. Since the energy system cannot be fully protected, it is appropriate to consider energy security as a risk management problem. This article analyses existing energy security assessment literature and proposes a complemented approach for measuring and evaluating national energy security.Keywords: Energy security, energy policy, energy system, risk, uncertainty, indicators, assessment framework.JEL Classifications: Q2, Q3, Q4DOI: https://doi.org/10.32479/ijeep.8950

Downloads

Download data is not yet available.

Author Biographies

Stanislav Z. Zhiznin, Moscow State Institute of International Relations (MGIMO)

Doctor of Science (Economics), Professor

Vladimir M. Timohov, Center of Energy Diplomacy and Geopolitics

Executive Director

Velislava Dineva, Ministry of Energy

Senior expert, Energy projects and international cooperation

Downloads

Published

2020-01-21

How to Cite

Zhiznin, S. Z., Timohov, V. M., & Dineva, V. (2020). Energy Security: Theoretical Interpretations and Quantitative Evaluation. International Journal of Energy Economics and Policy, 10(2), 390–400. Retrieved from https://econjournals.com./index.php/ijeep/article/view/8950

Issue

Section

Articles