A Comprehensive Analysis of Energy Security in the Member States of the Eurasian Economic Union, 2000-2014

Authors

  • Aleksei Valentinovich Bogoviz Federal Research Center of Agrarian Economy and Social Development of Rural Areas – All Russian Research Institute of Agricultural Economics, Moscow, Russia, and Federal Research Institute of System Analysis of the Accounts Chamber of the Russian Federation, Moscow, Russia
  • Svetlana Vladislavlevna Lobova Altai State University, Barnaul, Russia
  • Yulia Vyacheslavovna Ragulina Federal Research Institute of System Analysis of the Accounts Chamber of the Russian Federation, Moscow, Russia
  • Alexander Nikolaevich Alekseev Plekhanov Russian University of Economics Russia, Moscow, Russia

Abstract

The article analyzes how well the countries of the Eurasian Economic Union (EAEU) are doing in terms of energy security. This research relies on a comprehensive concept of energy security that distinguishes the total of four dimensions of energy security: availability, affordability, efficiency, and environmental stewardship. We construct an energy security performance index in order analyze the relative energy security performance of the EAEU countries. The index is composed of ten indicators, and each of them reflects a certain dimension of energy security. We evaluate the relative energy security performance of the whole union and each country individually from 2000 to 2014. Our analysis shows that the EAEU energy security is quite low due to countries' diverse energy security performance.

Keywords: Energy Security, Eurasian Economic Union (EAEU), Security of Supply

JEL Classifications: Q2, Q3, Q4

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Published

2017-11-01

How to Cite

Bogoviz, A. V., Lobova, S. V., Ragulina, Y. V., & Alekseev, A. N. (2017). A Comprehensive Analysis of Energy Security in the Member States of the Eurasian Economic Union, 2000-2014. International Journal of Energy Economics and Policy, 7(5), 93–101. Retrieved from https://www.econjournals.com/index.php/ijeep/article/view/5447

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