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SS2 December 2023

ROMANIA’S ENERGY SECURITY, REGIONAL AND EUROPEAN ECONOMIC STABILITY FACTOR

Cristina ONEŢ (1)

Lucian Blaga University of Sibiu, Romania

Ciprian FLOREA (2)

Lucian Blaga University of Sibiu, Romania

Abstract:The liberalization of energy markets in the European Union, as well as Russia’s invasion of Ukraine, were events that equally emphasized the challenges the European Union faced in procuring its energy and fuels consistently and at affordable prices. In such a profoundly unfavorable context, the European Union was compelled to adopt crisis measures both in the short term and, more importantly, medium to long-term solutions to free itself from dependency on Russian fuels. This study highlights Romania’s relatively stable energy situation in this complicated context, as well as the positive prospects it can offer in the region. This can be achieved either through the adoption of proposed measures at the European level or through the solutions that Romania can provide to its partners within the European Union. In this regard, the paper provides a synthesis of the most significant public policies and specific projects that Romania has established for the coming years to truly become a stabilizing factor in the energy field, both at the regional and European levels.
Keywords:Energy security; energy supply security; renewable energy; decarbonization of energy production; energy markets
Contact details of the authors:E-mail: cristina.onet@ulbsibiu.ro (1) E-mail: cipriangrigore.florea@ulbsibiu.ro (2)
Institutional affiliation of the authors:  Lucian Blaga University of Sibiu, Law Faculty  
Institutions address:Street Calea Dumbrăvii, no 34, Sibiu, 550324, https://drept.ulbsibiu.ro/, drept@ulbsibiu.ro