Multilateral, regional and bilateral energy trade governance

Book · Mon Dec 01 04:00:00 EST 2014

OSTI ID:1166801

Leal-Arcas, Rafael; Grasso, Costantino; Rios, Juan Alemany ^[1]

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1. Queen Mary Univ. of London (United Kingdom)

The current international energy trade governance system is fragmented and multi-layered. Streamlining it for greater legal cohesiveness and international political and economic cooperation would promote global energy security. The current article explores three levels of energy trade governance: multilateral, regional and bilateral. Most energy-rich countries are part of the multilateral trading system, which is institutionalized by the World Trade Organization (WTO). The article analyzes the multilateral energy trade governance system by focusing on the WTO and energy transportation issues. Regionally, the article focuses on five major regional agreements and their energy-related aspects and examines the various causes that explain the proliferation of regional trade agreements, their compatibility with WTO law, and then provides several examples of regional energy trade governance throughout the world. When it comes to bilateral energy trade governance, this article only addresses the European Union’s (EU) bilateral energy trade relations. The article explores ways in which gaps could be filled and overlaps eliminated whilst remaining true to the high-level normative framework, concentrating on those measures that would enhance EU energy security.

• OSTI ID: 1166801
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
ASEAN
ECONOMIC IMPACT
ENERGY SECURITY
EU energy trade governance
Energy Charter Treaty
INTERNATIONAL AGREEMENTS
IRENA
MERCOSUR
Multilateral energy trade governance
TRADE
WTO
natural resources
raw materials
regional energy trade governance
shale gas.