9 EU-OPEC Energy Dialogue and the Global Energy Governance

Abstract

In contrast to other areas of human activity such as trade and finance, there is no single organization that covers the whole field of energy; there is no global energy organization. Instead, there exists a complex of energy-related organizations, clubs and forums. The global energy market is governed by so-called “governors”, whose number is estimated as up to 128. Together they form a “regime complex”, defined as an “array of partially overlapping and nonhierarchical institutions governing a particular issue area.”