Imperatives to improve the efficiency of the energy security system of Ukraine

Abstract

The increasing volatility of external and internal factors, emergence of new risks in the global energy market (implementation of sustainable development principles and spread of the green economy), aggravation of political challenges, and intensification of integration processes point to the need to review and supplement existing methods for assessing the levels of energy security of states. Forming a single European energy space increases the requirements for ensuring an uninterrupted sustainable energy supply and efficient energy management that protects the interests of all market participants. In the process of substantiating approaches and creating new models of energy security, national and supranational issues of developing a joint energy base that will form the economic basis for the strategic competitiveness of European national economies are becoming essential. A necessary condition for organizing this process is to ensure adequacy and transparency of energy governance, which should consider the current state and trends of joint and national energy security indicators.