A Meaning for the EU Energy Dependency: What Next?

Abstract

This article focuses on establishing whether there is indeed a dependency that the EU has on third countries when it comes to its energy imports and whether such a dependency is relevant in the context of the EU current goals under the ambitious climate change agenda. The research also looks to see whether Russia is indeed a key partner for Europe when it comes to energy. To answer these questions, we consider the context of the EU energy sector by analysing its consumption and production levels over the last decade, before the Covid-19 pandemic. After gathering evidence from data available and analysing it, we conclude on pointing out the future questions needed to be further answered considering the current challenges that the European Union is facing when it comes to the energy sector.