Close Menu
    Latest Category
    • Finance
    • Tech
    • EU Law
    • Energy
    • About
    • Contact
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Login
    • EU News
    • Focus
    • Guides
    • Press
    • Jobs
    • Events
    • Directory
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Home » Third-country energy deals to be more transparent

    Third-country energy deals to be more transparent

    npsnps10 June 2016Updated:25 June 2024
    — Filed under: Energy EU News
    Share
    Facebook Twitter LinkedIn Pinterest Email
    Third-country energy deals to be more transparent

    Henk Kamp – Photo EU Council

    (LUXEMBOURG) – Energy ministers agreed at their meeting on Tuesday to ensure that inter-governmental energy agreements between Member States and non-EU countries are more transparent and comply with EU law.

    The aim of the proposed decision – part of the EU’s Energy Union strategy – is to enhance the transparency and consistency of the EU’s external energy relations and to strengthen its negotiating stance with regard to third countries. When individual EU countries negotiate energy agreements with non-EU countries, the Commission will ensure that these agreements comply with EU law.

    “This proposal is a major step that will enhance the transparency and consistency of the EU’s external energy relations”, said Dutch Minister for Economic Affairs and chair of the meeting Henk Kamp. “The aim is to correct shortcomings in the current information exchange mechanism and bring us closer towards the Energy Union. This will further enhance the proper functioning of the internal energy market and the security of energy supply in the European Union.”

    The compromise reached was based on the following elements:

    • the Commission will conduct an assessment of gas-related IGAs before they are signed,
    • member states shall keep the Commission informed both before the start and regularly during the negotiations of all IGAs,
    • member states may request the previous assessment for other non-gas related IGAs,
    • all non-gas related IGAs shall be notified to the Commission “upon ratification”,
    • non-binding instruments will not have to be notified.

    The agreement on the general approach will allow the Council to start negotiations with the European Parliament with a view to the final adoption of the proposal.

    The Council discussed the proposal for a revised regulation concerning measures to safeguard the security of gas supply.

    The main purpose of the proposal is to minimise the impact of a potential gas disruption by improving cooperation between member states and by building on the achievements of the internal energy market. It also aims to increase trust and solidarity at the regional and EU level.

    The debate focused on the following issues:

    • Enhanced regional cooperation and coordination,
    • New solidarity principle which will have a mandatory application in extreme crisis scenarios,
    • Transparency requirements, in particular with regard to commercial long term gas contracts.

    Outcome of the Council meeting

    Add A Comment
    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    nps
    • Website

    Related Content

    E-commerce - Photo by Antoni Shkraba Studio on Pexels

    1 in 3 online traders in Europe incorrectly displayed discounts on Black Friday and Cyber Monday

    Trade - Image by Markus Kammermann from Pixabay

    EU trade in goods surplus down to EUR 128 bn in 2025

    Internet safety children - Photo by Jonathan Borba on Pexels

    Porn sites failing to block minors from accessing services, says EU

    EMBL logo

    Strategy Officer, European Molecular Biology Laboratory, EMBL

    Fitto - Mînzatu - Photo © European Union 2026

    EUR 34.6 bn cohesion funds reallocated to EU’s strategic priorities

    Health research - Photo by National Cancer Institute on Unsplash

    Brussels awards EUR 617m to doctoral programmes

    LATEST EU NEWS
    E-commerce - Photo by Antoni Shkraba Studio on Pexels

    1 in 3 online traders in Europe incorrectly displayed discounts on Black Friday and Cyber Monday

    26 March 2026
    Trade - Image by Markus Kammermann from Pixabay

    EU trade in goods surplus down to EUR 128 bn in 2025

    26 March 2026
    Internet safety children - Photo by Jonathan Borba on Pexels

    Porn sites failing to block minors from accessing services, says EU

    26 March 2026
    Fitto - Mînzatu - Photo © European Union 2026

    EUR 34.6 bn cohesion funds reallocated to EU’s strategic priorities

    25 March 2026
    Health research - Photo by National Cancer Institute on Unsplash

    Brussels awards EUR 617m to doctoral programmes

    25 March 2026

    Subscribe to EUbusiness Week

    Get the latest EU news

    CONTACT INFO

    • EUbusiness, 117 High Street, Chesham Buckinghamshire, HP5 1DE, United Kingdom
    • +44(0)20 8058 8232
    • service@eubusiness.com

    INFORMATION

    • About Us
    • Advertising
    • Contact Info

    Services

    • Cookie Policy
    • Terms
    • Disclaimer

    SOCIAL MEDIA

    Facebook
    eubusiness.com © EUbusiness Ltd 2026

    Type above and press Enter to search. Press Esc to cancel.

    Manage Consent
    To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
    Functional Always active
    The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
    Preferences
    The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
    Statistics
    The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
    Marketing
    The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
    • Manage options
    • Manage services
    • Manage {vendor_count} vendors
    • Read more about these purposes
    View preferences
    • {title}
    • {title}
    • {title}

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?