The North Sea: Europe’s Energy Powerhouse

Hamza Mjahed

No 2305, Policy briefs on Economic Trends and Policies from Policy Center for the New South

Abstract: The North Sea has been an important energy hub for many European countries for centuries. It is home to many natural resources, from oil and natural gas, to wind and wave energy, making it a powerhouse of energy production. In recent decades, the North Sea has seen significant investment in energy infrastructure and innovation, allowing many of these resources to be harnessed and used to supply energy to much of Europe. Furthermore, the North Sea has become more important for European energy security in the context of the volatility in global energy markets and European efforts to decouple from Russian fossil fuels. The North Sea is thus bound to play a vital role in the future of European energy security, with a large number of projects set to come online in the coming years, providing a significant boost to energy production.

Date: 2023-02
New Economics Papers: this item is included in nep-cis, nep-eec, nep-ene and nep-env
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