Generolo Jono Žemaičio Lietuvos karo akademija

Our paper tackles the issue of the European energy security and economic growth. Specifically, it evaluates the relationship between natural gas consumption and economic growth in the European Union (EU). Channels along which natural gas is supplied to the EU energy markets yield dependence from the Russian Federation which presents a threat to the European energy security. Our sample includes panel time series data over the period from 1997 to 2011 for a 26 EU countries. Based on neoclassical growth model, we create a multivariate model including gross fixed capital formation and total labor forces of a country as additional explanatory variables. Using panel cointegration tests, we found that there exists a long-run relationship between economic growth, natural gas consumption, labor and capital. In the short-run there is bidirectional causality between natural gas consumption and economic growth. The causality running from economic growth to natural gas consumption is positive. On the other hand, the causality, which runs from natural gas consumption to economic growth, is negative.

The paper gives an analysis of changes in the refinery business ownership structure in two “new” EU members: Poland and Croatia, after their shift to market based economy. The key area of analysis refers to the state control over refinery assets as a tool of national energy security. Refinery sectors in both countries are presented focusing on their respective strengths and weaknesses. Changes in ownership structure of three major players: INA, LOTOS and PKN ORLEN are reviewed in order to establish how they affected sustainability and development of these entities. The paper takes into account not only the interests of Poland and Croatia, but also refers to Hungary, Czech Republic and Lithuania. The analysis was performed with regards to the general trends and expectations in the European refinery sector. Our conclusions indicate that state control over key refinery assets represent a valuable tool for energy policy and, in cases when lost, it has to be compensated by other measures. If refining capacity is left unchecked and uncontrolled energy security of the country is easily threatened. This situation often leads to an almost paradoxical situation where the energy security of individual EU member countries can easily be in conflict with the overall EU energy security policy and guidelines.

Aim of the paper is to outline a research methodology, which would ultimately allow predicting and enhancing competitiveness of less developed economies, which encounter energy security issues. The following theoretical questions are to be discussed. The first, what we mean by sustainable development in countries, which are in different economic development phases, i.e. if emphasis on different facets of sustainability (particularly economic environmental, related to energy consumption patterns) changes as country develops. The second research question raised in the paper deals with energy security issues. Authors tackle the following questions of methodological character: if/what natural consistent patterns of economies development exist; and how to indicate efficient ways of economic restructuring. Answer to the indicated questions would allow formulating policy implications directed towards energetically secure and sustainable development.

Presented paper aims to indicate what types of interrelationships between energy usage patterns prevailing in particular country, economic growth and finally, sustainable development could be distinguished. The topic of paper, or, rather research area, is neither new nor original. Nevertheless, an array of approaches towards character of considered interrelationships can be encountered. Complicity of chosen issue, we reckon, lies in differences of perception of the following questions. Our findings consequently would depend on, at first, how we measure economic growth in short and long terms, the second, how we measure energy security, and, the third, how we benchmark progress towards sustainable development. Methods, which we consider as being applicable for measuring of selected interrelationships, comprise a separate part of scientific elaboration. Therefore we formulate a task to overview the most contemporary measurable perceptions of economic growth, perceptions of energy security facets affecting economic growth and consequent reaction of sustainable development to various scenarios of energy consumption and economic growth. Resulting conclusions about measurement of indicated phenomena and argumentations of their plausible interrelation would lead us to choice of methodological approaches of described interrelations’ analysis.

This paper is devoted to tracing contemporary perceptions of energy security. Energy security, as a concept started its evolution from a point, where it was identified with secure oil provision for countries, which did not possess energetic resources and were increasingly dependent on oil imports. Gradually, the concept of energy security started to be repeatedly used in the scientific papers, popular press and media and even colloquial language. Energy security has become an argument in making political decisions. Nevertheless, despite the exaggerated attention to energy security, still there is no unanimous agreement on what the concept of energy security means, what facets it embraces and, consequently, how it could be measured and controlled. The paper aims to distinguish the main perceptions of energy security and foresee plausible implications of one or another approach adopted.