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Wednesday, 20 June 2012

Boosting EU states' bargaining power in third-country energy deals

The Energy (ITRE) Committee has endorsed a provisional deal with the Council to strengthen the hand of EU countries in negotiations of bilateral energy agreements with non-EU states.  The legislation should strengthen the hand of EU Member States in such negotiations by fostering cooperation among them. Accordingly, Rapporteur Krišjānis Kariņš has stated:  "This legislation will increase transparency in energy supply agreements with third countries, thereby ensuring that EU law is adhered to. It will also create a base for coordinated action by Member States in the field of energy".

Source: European Parliament

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