Intergovernmental agreements in the field of energy
European Parliament - EPRS Policy podcasts
European Parliament Webmaster
4.8 • 13 Ratings
🗓️ 1 June 2016
⏱️ 5 minutes
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Source : © European Union - EP
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| 0:00.0 | You're listening to the European Parliamentary Research Service podcast on intergovernmental agreements in the field of energy. |
| 0:11.3 | To ensure the smooth functioning of the EU's internal energy market, individual EU countries negotiating energy agreements with third countries must ensure these deals comply with the |
| 0:21.9 | EU law but in February 2016 the European Commission proposed an update to the current rules. |
| 0:27.2 | If the proposed changes become law, member states will have to notify the European Commission |
| 0:32.1 | about these energy deals before concluding them. Plug yourself into today's podcast to find out more. |
| 0:39.6 | As the EU's energy dependence increases, |
| 0:42.6 | more and more member states are forced to seek new oil and gas supplies outside of the EU. |
| 0:47.9 | Negotiations with energy suppliers frequently require political and legal support, |
| 0:52.8 | for example, to provide certainty to investors on the construction of energy infrastructure. |
| 0:58.3 | This political support is given in the form of intergovernmental agreements, which are often the basis for more detailed commercial contracts. |
| 1:05.3 | But conflicts with EU law can lead to legal uncertainty, discourage investments and disrupt the functioning of the EU's |
| 1:11.2 | internal energy market. |
| 1:12.8 | Take South Stream, for example. |
| 1:14.3 | The pipeline project was supposed to transport Russian natural gas through the Black Sea |
| 1:18.3 | to Bulgaria and from Bulgaria via Serbia to other EU countries, but it was abandoned due to its |
| 1:23.9 | non-compliance with EU law and the sanctions imposed in Russia after the Crimean crisis. |
| 1:29.0 | So what's the situation now? |
| 1:30.7 | Well, at present, member states are required to submit intergovernmental energy agreements |
| 1:34.8 | with non-EU countries to the Commission after Signature, |
| 1:37.9 | which is rather ineffective because once a deal has been signed, |
| 1:41.0 | reopening it for further negotiation is extremely difficult. |
| 1:44.2 | Proof of this is that although a third of the intergovernmental agreements and energy infrastructure |
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