“Energy is the lifeblood of our society”. This is the opening phrase of the “Energy 2020, a strategy for sustainable, competitive and secure energy” as put forward by the European Commission in...Show more“Energy is the lifeblood of our society”. This is the opening phrase of the “Energy 2020, a strategy for sustainable, competitive and secure energy” as put forward by the European Commission in 2010. Despite the significance of energy, a collective E.U energy policy does not have a long history. A common E.U energy policy started in 2006 when it became understood that a common energy policy was needed to face the challenges that appeared in the beginning of the 21st century. These were higher prices and lower indigenous production, a growing assertiveness of producing countries and competition for resources with the newly emerging economies of China and India. The internal energy policy was based on the idea that liberal and integrated markets would lead to energy security. The external aspect of the energy policy was to promote its internal market regulations and create a common regulatory space with countries beyond its borders. This thesis will try to answer the question of whether or not the Energy Union created in 2015 mark a paradigm shift to E.U’s approach to external energy relations and how that has affected its relations with Russia, its most important supplierShow less
