Energy Policy of the United Arab Emirates: Determining Factors, Principles and Model

Purpose of the study. The article is devoted to the problem of forming the energy policy of the United Arab Emirates. The main factors of the state energy policy influencing the development of the country, its principles and models are analyzed. Attention is focused on the theories of “old” and “new” regionalism, such as the theory of dividing the international space into regions. Within the framework of the theory of “new” regionalism, an intergovernmental approach (Inter governmentalism) is used. The example of the United Arab Emirates shows the strategy and need for the formation of energy policy, building its model considering the energy situation developing in the modern world, considering interaction with global and regional powers. The state energy policy is based on the principles of pragmatism and “equidistance” in relations with countries exporting and importing energy resources. Conclusions. As a result of the study, the authors concluded that the United Arab Emirates advocate an integrative and multi-faceted development process in the context of implementing its state energy policy. Today, there are two models of such a policy. The first model is traditional (export-oriented), the second model is alternative. The geopolitical vector of the energy policy of the United Arab Emirates is built in the context of globalization, the growth of international competition for energy resources, the lability of world energy markets and the volatility of oil prices. There is a need to diversify and strengthen the country’s export potential, to move from the “geopolitics of oil” to the “geopolitics of gas”.