Table of Contents

International Handbook of Energy Security

International Handbook of Energy Security

Elgar original reference

Edited by Hugh Dyer and Maria Julia Trombetta

This Handbook brings together energy security experts to explore the implications of framing the energy debate in security terms, both in respect of the governance of energy systems and the practices associated with energy security.

Chapter 11: Energy demand: security for suppliers?

Tatiana Romanova

Subjects: economics and finance, public sector economics, environment, energy policy and regulation


The vast majority of papers on energy security look at it from the consumer’s point of view, making security of supply the key preoccupation. However, this volume is an excellent illustration that energy security is an ‘umbrella term’, covering ‘many concerns linking energy, economic growth and political power’ (Westminster Energy Forum 2006, p. 9). Preoccupations of suppliers are not new; they emerged in the 1980s and have grown in scope ever since. These interests and concerns are expressed by both individual producing countries and by organizations that bring them together. Demand security is frequently portrayed as the other side of the energy security medal, the side which was overlooked for a long time. Most decision-makers and analysts currently agree about the interconnectedness of supply security and demand security. A vicious circle emerges, for example, when high prices lead to the decline in demand and, therefore, limit the will of producing countries to invest in new production facilities and in infrastructure bottlenecks. ‘The disincentive to invest then creates the roots of the next oil price shock once oil demand recovers’ but the capacities to feed the demand remain limited (Fattouh and van der Linde 2011, p. 12). Another vicious circle emerges when prices are too low, they constrain opportunities for bringing into operation new oil and gas fields or ways of their transportation.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information