Abstract: the article aims to investigate the current situation in the field of the energy component of the economic security of Europe and assess the prospects for its change. In the process, the following main results were obtained. In the medium term (5 years), it does not seem realistic to move away from the predominance of hydrocarbons in the total contribution of sources to Europe’s energy consumption. However, due to a decrease in the energy intensity of GDP and an increase in the use of alternative sources, it is possible to significantly reduce the share of natural gas in the total energy supply. Thus, some reduction in the energy dependence of Europe on gas exporting countries, mainly Russia, is possible. The experience of individual European countries allows us to conclude that it is possible, important and necessary to simultaneously increase the use of renewable sources and reduce the energy intensity of GDP, which in itself is a separate complex task, the search for a solution to which is not trivial.
Keywords: energy consumption regression models, energy security of European countries, energy supply of Europe