New Strategic Concepts Of Energy Security In The Context Of Global Processes

Ralitsa Todorova, Oleg Grishin, Laith Mahdi, Marat Kasem

In this article, the authors make a brief retrospective analysis of modern concepts of energy security that are directly related to the life of every person. The relationship between energy consumption and economic development is narrow and undeniable. For nearly a decade, energy security has been declared the top priority for the security of energy importing countries. Recent studies show that developed and especially developing countries are facing growing consumption of carbon resources. To date, the suggestion of a lack of energy resources seems outdated, and the strategic potential of energy technologies constantly shifts the boundaries of what is considered possible and affordable. It is modern technological developments for exploration and production that become the factor that ensures energy independence. As a result, there is a tendency in today's global energy markets to shift from export-oriented markets to consumer-dominated markets. For that reason, each economy chooses its own strategy for solving its energy problems.

Volume 12 | Issue 6

Pages: 2427-2433

DOI: 10.5373/JARDCS/V12I6/S20201201