Policy & Regulation
Brussels braces for Energy Charter renegotiations
The European Commission has secured a mandate to renegotiate the Energy Charter Treaty in what appears to be an attempt to press through changes ahead of a looming Nord Stream 2 lawsuit The European Commission has secured a mandate to renegotiate the Energy Charter Treaty in what appears to be an attempt to press through changes ahead of a looming Nord Stream 2 lawsuit.
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The foreign ministers from the 28 member states in the Council of the EU this week gave the European Commission the green light to begin negotiations with non-EU nations in an attempt to overhaul the Energy Charter Treaty (ECT), which came into force in 1998 and which Brussels now sees as outdated.
Key to the commission’s agenda is to press through changes to the ECT’s transit chapter to make it compatible with third-party access rules under the EU’s Gas Directive....
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