Review on energy governance and demand security in oil-rich countries

Abstract

Energy plays a critical role in the economic advancement of nations. The reliance of oil-rich countries on energy revenues underscores the importance of ensuring the security of this vital resource. Safeguarding the security of energy resources is a top priority for the national security of the producing countries. The current geopolitical landscape is heavily influenced by energy considerations, making energy governance a key factor in enhancing national security. This review paper aims to discuss and present the role of energy governance impacts on the national security of oil-rich countries based on energy governance literature. The scientific publications selected to be studied are from 2010 to 2024. The findings suggest that effective energy governance plays a crucial role in enhancing the national security of countries abundant in oil resources. It is imperative to tailor energy governance to bolster national resilience in the energy sector, given the interconnectedness of energy governance, energy security, and national security. As such, pivotal aspects of energy governance encompass revenues and resources management, stakeholder participation, global politics and international relations, and the culture and value of societies.