Energy security

Question 0

Measuring energy security

Answer 0

Energy security index (ESI) - it assesses the extent to which a country may look forward to a reliable and affordable supply.

Question 1

Risks

Answer 1

Physical - Natural hazards such as earthquakes disrupt supply.
Environmental - For example protests about environmental damage caused by exploitation.
Economic - Eg. Sudden rising costs or forced imports at higher prices.
Geopolitical - Political instability in the producing countries.

Question 2

Levels of risk - extreme risk

Answer 2

ESI values less than 2.5. Most of these countries are in northern Africa and northern South America, also South Korea.

Question 3

High Risk

Answer 3

ESI value 2.5-5.0. Countries scattered across the globe, includes Japan and USA.

Question 4

Medium Risk

Answer 4

ESI value 5.0-7.5. A widespread category in Europe, south and southeast Asia, and Australasia.

Question 5

Low Risk

Answer 5

ESI greater than 7.5, countries include Canada, Norway, Russia and stable middle eastern states.

Question 6

Characteristics of risk

Answer 6

heavy importers = high risk.
Substantial reserves = low risk.
Medium sized developed country = medium risk.