The energy security challenges of the Republic of Serbia

Abstract

In the context of the new reality caused by the COVID 19 pandemic, it is necessary to point out the threats to maintaining the stability of the energy system of the Republic of Serbia. Reliance on oil and natural gas imports remains the biggest threat to energy security as countries exporting these energy sources have the opportunity to introduce unilateral measures to restrict their supply and influence changes in their prices. In addition, the constriction of the infrastructure for the renewable energy sector also depends on a regular supply of critical resources such as oil and gas. In a situation burdened with uncertainty and in the impossibility of reliable strategic planning, in the geo-economics sense, the appearance of changed dependence relations in the energy sector can be expected.