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Two ships moored at a jetty in a North Sea bay

An LNG tanker is moored next to the specialised vessel ‘Höegh Esperanza’, which is used as a floating platform to land and regasify LNG from tankers.

Energy Security

Energy security in the narrow sense is traditionally viewed from the perspective of import dependency. Dependency on OPEC and the Arab region for oil and on Russia for natural gas plays (or has played) a central role in this context. In a broader sense, however, policymakers must focus on a range of risks if they want to ensure energy security: physical disruptions to supplies, geopolitical changes such as (inter)national conflicts, political and legal developments, economic changes such as price developments or growing demand in producer countries, but also environmental and climate policy risks. Last but not least, the expansion of renewable energies also brings new challenges for energy security and geopolitics.

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