"Back in Business?" by Mónica Carneiro Pacheco

Globally, the architecture of energy sector is undergoing significant changes and challenges. Governments, industries and other stakeholders seek new solutions to ensure that energy sector follow 21st Century requirements of economic growth, sustainability and energy security. Simultaneously, the Ukrainian crisis and more recently the intensification of military tensions in Iraq - with new territorial conquests of the Sunni rebel forces of the Islamic State of Iraq and of Levant increasing speculation regarding potential intervention of the USA and Iran to support the Iraqi army - raise many and complex issues that can bring more uncertainty to energy security, related to the threat of a spectacular rise of the oil and natural gas prices.

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