The energy dependency of the EU and Spain

Rationale In recent decades, the European Union and Spain have become increasingly dependent on energy imports from third countries. Given how important these products are in production chains, this dependency could represent a source of vulnerability for the European economies. Takeaways •The energ...

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Detalles Bibliográficos
Autores: Balteanu, Irina, Viani, Francesca
Tipo de recurso: artículo
Fecha de publicación:2023
País:España
Institución:Banco de España
Repositorio:Repositorio Institucional del Banco de España
OAI Identifier:oai:repositorio.bde.es:123456789/30253
Acceso en línea:https://repositorio.bde.es/handle/123456789/30253
Access Level:acceso abierto
Palabra clave:Energy dependency
Energy imports
Vulnerability
Inflation
Comercio internacional
Energía y política energética
Globalización
F1
F14
F5
F6
Q4
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oai_identifier_str oai:repositorio.bde.es:123456789/30253
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repository_id_str
spelling The energy dependency of the EU and SpainBalteanu, IrinaViani, FrancescaEnergy dependencyEnergy importsVulnerabilityInflationComercio internacionalEnergía y política energéticaGlobalizaciónF1F14F5F6Q4Rationale In recent decades, the European Union and Spain have become increasingly dependent on energy imports from third countries. Given how important these products are in production chains, this dependency could represent a source of vulnerability for the European economies. Takeaways •The energy products imported from third countries that are most vulnerable to international trade disruptions notably include natural gas, uranium, anthracite, oil and coal, all of which are in short supply within the European Union (EU), hard to substitute and, in general, concentrated in a few suppliers. •The main EU countries differ in terms of the extent of their external dependency, the energy suppliers they use and the vulnerability of their exposures. Spain is more reliant on third countries, although its imports are more diversified across different suppliers. •The patterns of the EU’s external energy dependency have been altered by Russia’s invasion of Ukraine, owing to the substantial reduction in European imports of energy products from Russia, which is no longer the region’s main energy supplier.Banco de EspañaMadrid : Banco de España, 20232023info:eu-repo/semantics/articleapplication/pdfhttps://repositorio.bde.es/handle/123456789/30253reponame:Repositorio Institucional del Banco de Españainstname:Banco de EspañaInglésEconomic Bulletin / Banco de España, 2023/Q3, 02Versión en español 123456789/30252info:eu-repo/semantics/openAccessoai:repositorio.bde.es:123456789/302532026-06-20T12:44:27Z
dc.title.none.fl_str_mv The energy dependency of the EU and Spain
title The energy dependency of the EU and Spain
spellingShingle The energy dependency of the EU and Spain
Balteanu, Irina
Energy dependency
Energy imports
Vulnerability
Inflation
Comercio internacional
Energía y política energética
Globalización
F1
F14
F5
F6
Q4
title_short The energy dependency of the EU and Spain
title_full The energy dependency of the EU and Spain
title_fullStr The energy dependency of the EU and Spain
title_full_unstemmed The energy dependency of the EU and Spain
title_sort The energy dependency of the EU and Spain
dc.creator.none.fl_str_mv Balteanu, Irina
Viani, Francesca
author Balteanu, Irina
author_facet Balteanu, Irina
Viani, Francesca
author_role author
author2 Viani, Francesca
author2_role author
dc.subject.none.fl_str_mv Energy dependency
Energy imports
Vulnerability
Inflation
Comercio internacional
Energía y política energética
Globalización
F1
F14
F5
F6
Q4
topic Energy dependency
Energy imports
Vulnerability
Inflation
Comercio internacional
Energía y política energética
Globalización
F1
F14
F5
F6
Q4
description Rationale In recent decades, the European Union and Spain have become increasingly dependent on energy imports from third countries. Given how important these products are in production chains, this dependency could represent a source of vulnerability for the European economies. Takeaways •The energy products imported from third countries that are most vulnerable to international trade disruptions notably include natural gas, uranium, anthracite, oil and coal, all of which are in short supply within the European Union (EU), hard to substitute and, in general, concentrated in a few suppliers. •The main EU countries differ in terms of the extent of their external dependency, the energy suppliers they use and the vulnerability of their exposures. Spain is more reliant on third countries, although its imports are more diversified across different suppliers. •The patterns of the EU’s external energy dependency have been altered by Russia’s invasion of Ukraine, owing to the substantial reduction in European imports of energy products from Russia, which is no longer the region’s main energy supplier.
publishDate 2023
dc.date.none.fl_str_mv 2023
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://repositorio.bde.es/handle/123456789/30253
url https://repositorio.bde.es/handle/123456789/30253
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Economic Bulletin / Banco de España, 2023/Q3, 02
Versión en español 123456789/30252
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Banco de España
Madrid : Banco de España, 2023
publisher.none.fl_str_mv Banco de España
Madrid : Banco de España, 2023
dc.source.none.fl_str_mv reponame:Repositorio Institucional del Banco de España
instname:Banco de España
instname_str Banco de España
reponame_str Repositorio Institucional del Banco de España
collection Repositorio Institucional del Banco de España
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,301603

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