Georgia and Energy Security

Abstract

Energy security means the continuous availability of energy, inadequate amounts at a reasonable price. It means when local and imported resources at a reasonable price meet the country's growing demand for energy. Energy Security impact depends on Environmental challenges, liberalization, deregulation, and the liquidity and competitiveness of the market; besides, the most affecting role in energy security plays the government. Global tensions, as well as regional conflicts, are the most challenging for today’s world. Adequate attention to environmental challenges and diversification of sources can be the solution to Energy security. Georgia entered the Energy Community Treaty on 1 July 2017. Membership in the Energy Community has a wider political consequence for the country as the membership shows its pro-European orientation. It’s worth mentioning that Georgia is the first Contracting Party not to have a border with the EU internal market or with any other Energy Community Party. Besides, membership of the Energy community redefines also the energy security questions. Georgia made an important improvement in the energy sector by replacing the energy market framework with the Third Energy Package. Georgian Energy law and policy mainly depend on better energy partnerships between the European Union and Georgia.