Iran's Role in Europe's Energy Security: An Assessment

Abstract

European leaders are increasingly conscious of their heavy dependence on energy supplies from Russia. In an attempt to articulate a strategy to improve energy security, the European Commission issued an EU Energy Security and Solidarity Action Plan in November 2008. This essay examines Europe's energy vulnerability and the role Iran can play in diversifying the EU energy supplies. I argue that a rapprochement with Iran aimed at greater utilization of its oil and gas reserves would contribute to Europe's (and the world's) energy security.