Energy security in the EU from GCC perspective

Abstract

EU is a political and an economic bloc consisting of 27 member states and subject to further enlargement in the future. It generates more than 30% of the world's nominal gross domestic product with a population of half a billion and more than $32,000 per capita income (Alsahlawi 2009). Energy policy of the EU reflects recent concerns about the security of energy supply because of increasing dependence on imported fossil fuels. Lately, energy security received a great deal of attention but not as much as climate change.