Review of and comparative assessment of energy security in Baltic States

This paper analyses the trends in energy security across the three Baltic States, namely Estonia, Latvia and Lithuania. The period of 2008-2012 is covered in the analysis. The aggregate measures of energy security are devised by the means of multi-criteria decision making techniques. The choice of indicators of energy security is based on the priorities set out in the European Union energy policy. The proposed system relies on the objective weighting that requires no expert assessment. However, this approach is also supplemented by the restricted models, where certain bounds are defined for groups of criteria, describing energy security in economic, energy supply chain, and environmental dimensions. The results show that Latvia maintained the highest level of energy security irrespectively of the multi-criteria approach taken.