“…This index is a function of the socio-political, energetic, political-institutional and economic security level of the country, and it was calculated by means of factor analysis techniques (Marín-Quemada et al [35,36,37]). During the follow-up phase of the project, these indexes were combined, through an application of the reliability theory, in order to define a single risk index for each corridor; for this purpose, the risk index related to each crossed country was assumed as the probability that a corridor crossing that country would fail (Gerboni et al [38]). Furthermore, starting from the same risk indexes per country, Doukas et al [39] developed a web-based tool for the analysis of the natural gas and oil corridors, and they tested it by means of a case study focused on the Greek energy supply.…”
Section: Literature Review Of Energy Security Indicatorsmentioning
confidence: 99%
“…A risk index ' i is defined for each corridor i i and its probability of failure is identified [38]:…”
Section: Indicators For National Energy Security Assessmentmentioning
confidence: 99%
“…A total of 263 corridors (pipelines, ships, railways, roads, power lines), carrying 6 commodities (coal, crude oil, refined petroleum products, natural gas, LNG, electricity) and accounting for 97.5% of the Italian energy inflows in 2014 have been considered [43,44]. Country risk indexes have been assumed on the basis of the FP-7 REACCESS ( [35], [36], [37], [38]) project (Fig. 2, Tab.…”
The possibility of ensuring the energy needed by a country is a fundamental requirement for the economic growth and social welfare of that country. The fulfillment of this need is particularly challenging for those countries that are characterized by a low level of energy self-sufficiency. The evaluation of energy security needs to consider different dimensions and is of the utmost importance as a benchmark to conceive and implement different policies. The assessment of the level of security should rely on science-based models that are able to track the rapidly evolving geopolitical scenarios, and to provide detailed information and quantitative indexes to policy decision makers. In this paper, an overarching methodology is outlined to evaluate energy security, in which its external and internal dimensions are considered and integrated: the security of the energy supply from abroad (external) and the security of national energy infrastructures (internal). Attention is then focused on the external dimension, and two indexes are defined, by means of a probabilistic approach, in terms of the expected value of supply and economic impacts. The methodology is then applied to the Italian case, considering different geopolitical scenarios, and conclusions are provided about the energy security of the country.
“…This index is a function of the socio-political, energetic, political-institutional and economic security level of the country, and it was calculated by means of factor analysis techniques (Marín-Quemada et al [35,36,37]). During the follow-up phase of the project, these indexes were combined, through an application of the reliability theory, in order to define a single risk index for each corridor; for this purpose, the risk index related to each crossed country was assumed as the probability that a corridor crossing that country would fail (Gerboni et al [38]). Furthermore, starting from the same risk indexes per country, Doukas et al [39] developed a web-based tool for the analysis of the natural gas and oil corridors, and they tested it by means of a case study focused on the Greek energy supply.…”
Section: Literature Review Of Energy Security Indicatorsmentioning
confidence: 99%
“…A risk index ' i is defined for each corridor i i and its probability of failure is identified [38]:…”
Section: Indicators For National Energy Security Assessmentmentioning
confidence: 99%
“…A total of 263 corridors (pipelines, ships, railways, roads, power lines), carrying 6 commodities (coal, crude oil, refined petroleum products, natural gas, LNG, electricity) and accounting for 97.5% of the Italian energy inflows in 2014 have been considered [43,44]. Country risk indexes have been assumed on the basis of the FP-7 REACCESS ( [35], [36], [37], [38]) project (Fig. 2, Tab.…”
The possibility of ensuring the energy needed by a country is a fundamental requirement for the economic growth and social welfare of that country. The fulfillment of this need is particularly challenging for those countries that are characterized by a low level of energy self-sufficiency. The evaluation of energy security needs to consider different dimensions and is of the utmost importance as a benchmark to conceive and implement different policies. The assessment of the level of security should rely on science-based models that are able to track the rapidly evolving geopolitical scenarios, and to provide detailed information and quantitative indexes to policy decision makers. In this paper, an overarching methodology is outlined to evaluate energy security, in which its external and internal dimensions are considered and integrated: the security of the energy supply from abroad (external) and the security of national energy infrastructures (internal). Attention is then focused on the external dimension, and two indexes are defined, by means of a probabilistic approach, in terms of the expected value of supply and economic impacts. The methodology is then applied to the Italian case, considering different geopolitical scenarios, and conclusions are provided about the energy security of the country.
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