In the wake of necessity to have reliable, affordable and sustainable flows of energy, the heads of the EU countries decided to include neighbouring countries, Ukraine and Moldova particularly, in the European energy market.

The EU governing body decided to launch strategic partnership with the countries which are main producers, consumers and transistors of energy. The priorities within this aspect are a completion of the negotiations on the Energy Charter Transit Protocol and security of the ratification of the Energy Charter Treaty by all signatories to the Charter.

There are a number of new gas projects which have either been decided or are in an advanced stage of planning (North Africa, Middle East, Caspian region, Russia and Norway). If completed, they could create new energy corridors and new import capacity amounting to a significant share of the EU's current gas consumption. In addition, LNG terminals offer a particular contribution to security of supply. The development of major international pipelines to deliver oil from the Caspian region and Central Asia to the EU is also vital, EU Press Room informs.

Possible initiatives that could be developed at bilateral level includes implementation of the EU-Ukraine Memorandum of Understanding on energy cooperation, the inclusion of a comprehensive energy chapter in the future bilateral agreement and envisage Ukraine's integration into the Energy Community Treaty.


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