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Caspian Energy Journal Caspian European Club
Tuesday, 09 June 2015 13:00

Ministers adopt Energy Union conclusions to empower consumers and attract investments

On Monday, June 8, the Minister for Economics Dana Reizniece-Ozola chaired the meeting of the EU Transport, Telecommunications and Energy Council. The Council had a policy debate on the state of play and future developments in the implementation of the Energy Security Strategy, focusing on the security of supply, Caspian Energy News (www.caspianenergy.net) reports with reference to the statement of the Latvian Presidency of the Council of the EU.

The aim of the Energy Security Strategy is to develop the EU's resilience to shocks and disruptions of energy supplies, and over the longer term to reduce its dependency on particular fuels, energy suppliers and routes.

Ministers agreed that diverse supply routes and sources, regional cooperation, energy market design and infrastructure development  were essential elements of the EU energy policy and the necessary steps towards integration of the EU internal energy market.

The Council adopted conclusions on the implementation of the Energy Union Strategy, focusing on how to provide consumers - both households and business - with secure, sustainable and affordable energy and to encourage the investment needed in this area.

Ministers were also updated by the Commission on the latest developments on international energy relations, in particular the Ukraine-Russia-EU trilateral talks and the Energy Community. 

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