Regional energy agreements vital for global energy security, study finds.
Ensuring a steady supply of energy is crucial for every country. Trade in energy resources plays a big role in energy security planning. The World Trade Organisation (WTO) rules can help countries achieve energy security goals. Some countries have made regional agreements like NAFTA and ECT to strengthen energy trade regulations. These regional agreements offer better protection for countries that rely on energy imports. However, the WTO will still be important for global energy trade and security.