The features of EU energy strategy in the Baltic region

Abstract

This article analyses the issues of EU energy policy in the 1990s-the beginning of the 2000s in order to identify the features of energy supply and energy safety of the Baltic region countries. The research and practical significance of the work lies in the stepwise description of actions taken by EU leaders and EU member states in order to formulate a common European energy policy. The 2004 EU enlargement posed the problem of taking into account the features of energy supply of Eastern European countries and, especially, the Baltic States. The energy industries of Lithuania, Latvia, and Estonia, as well as other Eastern European and CIS countries, are closely related to the energy industry of the Russian Federation. Trying to allow for this circumstance, EU leaders and energy structures took a number of organisational measures aimed, on the one hand, at an increase in energy independence of new members of the EU and, on the other hand, at taking into account the recent trends in the energy market development. The research shows that most of the initiatives do not take into account the perspective and interests of Russia, which has a strong presence in the energy market. The analysis conducted will help the assessment of prospects of further development of the Baltic States' energy industry and its interaction with that of the Russian Federation.