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

    EU agenda - Image by Andreas Lischka from Pixabay

    EU Agenda: Week Ahead – 16-21 February 2026

    Euro coins and notes - Photo by Pixabay

    Eurozone Economic Calendar

    Climate change - Photo by Pixabay

    Open letter: The EU’s new sustainable investment plan needs to be completely fossil expansion-free

    Sponsor: WWF20 February 2026
    Academy of European Law logo

    Lawyer (Course Director) in European Competition Law and European Public Procurement Law, Academy of European Law

    Small business - Photo by Alena Darmel on Pexels

    SMEs are key actors for eastern regions resilience

    Crazy man - Photo Designed by Freepik

    The SME Cash Flow Problems Facing European Companies Today

    LATEST EU NEWS
    Trade in cars - Photo by Tom Fisk on Pexels

    EU trade in goods in Q4 2025 shows EUR 28.4 bn surplus

    18 February 2026
    Raffaele Fitto - Photo by Bogdan Hoyaux © European Union 2026

    EU to step up support for states bordering Russia, Belarus and Ukraine

    18 February 2026
    SHEIN - Photo by appshunter.io on Unsplash

    EU launches probe in Shein for potentially selling child sexual abuse material

    17 February 2026
    Tax haven - Photo by John Prefer on Unsplash

    EU adds Vietnam and Turks & Caicos Islands to tax havens blacklist

    17 February 2026
    Albares Bueno - Sefcovic - Photo by Bogdan Hoyaux © European Union 2025

    Brussels adopts Gibraltar treaty proposals

    17 February 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

    • Privacy Policy
    • Terms
    • EU News

    SOCIAL MEDIA

    Facebook
    eubusiness.com © EUbusiness Ltd 2026

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

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?