Social and Legal Studios

Abstract

Energy is the most important prerequisite for growth and development around the world, and despite the global financial crisis, energy demand is steadily increasing. The purpose of this research is to analyze global trends in energy development and to determine the potential of their use for increasing the level of energy security of Ukraine in terms of integrating its energy sector into European and world markets. Methods of research: structural-dynamic analysis, grouping method, systematization method. In the energy sector of Ukraine, the following indicators (components of the risk index) have considerably deteriorated in recent years: volatility of oil prices, oil prices, volatility of energy costs, world coal production safety, world natural gas production safety (it is clear that this indicator has generally deteriorated as a result the deterioration of relations with the main supplier, and now an invader), the safety of world coal reserves (a problem in the territories occupied by Russians, where the bulk of Ukrainian coal is mined), energy consumption per capita, energy consumption per transport per capita and the safety of world natural gas reserves (similar to the production of this energy resource). The long-standing crisis in the energy sector of Ukraine in recent years has tended to be substantially strengthened. In particular, the crisis in the electricity sector revealed not only certain, temporary, problems, but also significant systemic problems (risks) for the Ukrainian electricity sector, including that the Donbass war seriously threatens the level of Ukraine’s energy security. The stability of Ukraine’s energy system depends to a large extent on weather conditions, the external environment, and not on internal factors. Investigating and following the main trends of world energy, this sector in Ukraine will be able to effectively use the potential of the energy market. In addition, it is necessary to develop and implement an effective system for managing macro-energy risks

Keywords: energy security, diversification, risk management, development of energy sector of Ukraine

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