Strategic Analysis of EU Energy Security: Crude Oil, Petroleum Products and the Impact of Russian Sanctions
Jakusev, Artur (2024)
2024
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2024112029065
https://urn.fi/URN:NBN:fi:amk-2024112029065
Tiivistelmä
This thesis explores the strategic implications of energy security within the European Union (EU), focusing on crude oil and petroleum products in the context of the Russian invasion of Ukraine. The study examines how the EU's energy security, long dependent on Russian oil, has been disrupted by the invasion and the resulting EU sanctions. Using qualitative and quantitative analyses, the study investigates the EU's pre-2022 energy dependencies, the subsequent supply deficits, and the effectiveness of the EU’s policy responses, particularly the RePowerEU plan, aimed at diversifying energy sources and accelerating the transition to renewable energy.
This thesis highlights the critical role of Russian crude oil and petroleum products played in the EU's energy consumption needs before 2022. The embargo on Russian oil has created a significant supply gap, prompting the EU to seek alternative energy partners while expanding renewable energy investments. While efforts to diversify oil supplies and enhance energy security have seen partial success, a substantial deficit remains, and full recovery will depend on investments in renewables and technological innovations.
The study concludes that the EU's transition to energy independence is progressing but remains tight with economic and geopolitical challenges. Achieving long-term energy security will require further integration of renewable energy, improved energy infrastructure, new partnerships, and reduced reliance on external suppliers.
This thesis highlights the critical role of Russian crude oil and petroleum products played in the EU's energy consumption needs before 2022. The embargo on Russian oil has created a significant supply gap, prompting the EU to seek alternative energy partners while expanding renewable energy investments. While efforts to diversify oil supplies and enhance energy security have seen partial success, a substantial deficit remains, and full recovery will depend on investments in renewables and technological innovations.
The study concludes that the EU's transition to energy independence is progressing but remains tight with economic and geopolitical challenges. Achieving long-term energy security will require further integration of renewable energy, improved energy infrastructure, new partnerships, and reduced reliance on external suppliers.