Title: Energy Security and the Development of International Energy Markets
Abstract: Abstract This chapter describes the evolution of the concept of energy security in a broader historical perspective, from the economic, financial, and legal points of view. It addresses energy security from the energy investment cycle perspective. It notes that each particular stage of market development demands its most effective set of legal instruments to protect investors' flow of capital and energy materials and products, and to minimise volume and price risks, and thus to provide energy security. It considers the Energy Charter process and its instruments, including the Energy Charter Treaty (ECT) as the first multilateral investment and trade treaty in energy. It adds that the ECT provides both security of energy supply and security of energy demand in a competitive, open, and transparent global energy market.
Publication Year: 2004
Publication Date: 2004-03-25
Language: en
Type: book-chapter
Indexed In: ['crossref']
Access and Citation
Cited By Count: 10
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