Introduction

According to the IEA, ENERGY SECURITY, for which it was created, is to ensure

UNINTERRUPTED AVAILABILITY and AFFORDABLE ENERGY.

Recent developments, however make this objective very complicated and seems

unattainable. We see

• Current and future risks for oil supply/disruption

• Disturbing gas security challenges

• Worsening climate change conditions heightening the need to accelerate

Energy Transition

• Increasing demand for electricity amidst aging coal power plants

• Accelerating technological developments increasing system flexibility and

resilience of the electricity sector which has encouraged cyber criminality