1. Explain the importance and relevance of global energy outlook within contemporary organisations and evaluate the relationship between these organisation and countries.

This task revolves around the main theme of Global Energy Outlook within current organisations. Moreover, it concentrates upon the significance of global energy outlook, energy policy frameworks, global challenges and issues facing the world oil and gas industry, the factors affecting the long-term prospects, and other essential features.

GEOU5022

Global Energy Outlook

Word Limit: 1.500 words (Plus or minus 10%)

Learning outcomes assessed:

1. Explain the importance and relevance of global energy outlook within contemporary organisations and evaluate the relationship between these organisation and countries.

2. Analyse the different energy policy frameworks in relation to the impact of the different elements of energy sources and sustainability.

3. Discuss the key global challenges and issues facing the world oil and gas industry and the factors affecting their long-term prospects.

Assignment Questions

Background

The   Energy   Charter   Treaty  provides   a   multilateral  framework   for   energy cooperation  that  is  unique  under  international  law.  It  is  designed  to  promote energy  security  through  the  operation  of  more  open  and  competitive  energy markets,   while   respecting   the   principles   of   sustainable   development   and sovereignty over energy resources.

The  Energy  Charter  Treaty  was  signed  in  December  1994  and  entered  into legal force in April 1998. To date the Treaty has been signed or acceded to by fifty-two  states,  the  European  Union  and  Euratom  (the  total  number  of  its Signatories is therefore fifty-four).

Task

In 1,500 words, you should carry out a comparative analysis on the similarities of  the  Energy  Charter  Treaty  and  the  4  key  Principles  of  Energy  Security (Information,   Integration,   Resilience   and   Diversification).   You   should   also identify  any  gaps  or  non-alignment  between  the  energy  charter  and  the principles of Energy Security.

Learning outcome 1. Explain the importance and relevance of global energy outlook within contemporary organisations and evaluate the relationship between these organisation and countries must be assessed as the first priority to achieve pass marks in this assessment.