Cross-party MEPs on Thursday (22 October) called on the European Commission to be prepared to withdraw from the controversial Energy Charter Treaty (ECT), if negotiations for its modernisation fail.
The ECT is an international agreement that grants cross-border cooperation in the energy sector, signed in 1994 by nearly 50 countries, including all EU member states, plus most countries from eastern Europe, central Asia, and Japan. Currently, all EU member states are contracting parties except for Italy, which withdrew in 2016.
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MEPs urge EU to be ready to dump disputed energy treaty
Showing posts with label Energy Deal. Show all posts
Showing posts with label Energy Deal. Show all posts
10/23/20
5/21/14
Energy Deal: Russia signs 30-year contract to supply natural gas to China
Gazprom said on Wednesday that the Russian gas company had inked a long-awaited 30-year contract to supply natural gas to China.
Gazprom spokesman Sergey Kupriyanov confirmed the deal had been signed, but he declined to give any further details.
China's state news agency, Xinhua, described the supply contract as a "multi-billion dollar deal."
The gas deal is a financial and diplomatic boost for Moscow, which has been targeted over the Ukraine crisis.
Moscow and Beijing had been in negotiations for more than a decade, but had been unable to agree on the price.
Chinese President Xi Jinping held talks with his Russian counterpart Vladimir Putin in Shanghai before the planned signing of the gas deal.
Both Chinese and Russian officials are reported to had said they expected a deal to be agreed in time for it to be signed during Putin's two-day visit to the city for an Asia security summit.
Read more: Russia signs 30-year contract to supply natural gas to China | News | DW.DE | 21.05.2014
Gazprom spokesman Sergey Kupriyanov confirmed the deal had been signed, but he declined to give any further details.
China's state news agency, Xinhua, described the supply contract as a "multi-billion dollar deal."
The gas deal is a financial and diplomatic boost for Moscow, which has been targeted over the Ukraine crisis.
Moscow and Beijing had been in negotiations for more than a decade, but had been unable to agree on the price.
Chinese President Xi Jinping held talks with his Russian counterpart Vladimir Putin in Shanghai before the planned signing of the gas deal.
Both Chinese and Russian officials are reported to had said they expected a deal to be agreed in time for it to be signed during Putin's two-day visit to the city for an Asia security summit.
Read more: Russia signs 30-year contract to supply natural gas to China | News | DW.DE | 21.05.2014
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