Energy

Energy high on agenda at Eastern Partnership Summit, Riga

Energy high on agenda at Eastern Partnership Summit, Riga

Friday, 22 May 2015

Energy was high on the agenda at the Eastern Partnership Summit in Riga on 21-22 May 2015. Leaders from the EU, EU countries, Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine attended the Summit.

The Eastern Partnership was launched in 2009 with the aim of deepening relations between the EU and its Eastern neighbours. Cooperation also includes a broad range of energy related issues, including the Eastern Partnership Flagship Initiative on energy.

Summit participants signed a Declaration which reaffirms their interest in strengthening energy security, sustainability and competiveness, as well as boosting the diversification of supply. They also reiterated their intention to deepen bilateral and multilateral cooperation in energy.

The Declaration highlights the importance of well-functioning energy markets and the contribution that energy efficiency and renewable energy can make to boosting security of supply.

It welcomes progress made on major energy infrastructure projects including the opening of natural gas reverse flow capacities to Ukraine from Hungary, Poland and Slovakia; and the role of Azerbaijan, Georgia and other countries in the Southern Gas Corridor which will deliver gas directly from the Caspian Sea to Europe.

It also encourages the continuation of work on gas and electricity interconnectors inside the EU and between the EU and its Eastern European partners.

Summit participants also welcomed the objective of the EU's Energy Union strategy to deepen integration between the EU and the energy markets of the Energy Community – an international organisation containing the EU, Albania, Bosnia and Herzegovina, the former Yugoslav Republic of Macedonia, Kosovo, Moldova, Montenegro, Serbia, and Ukraine.

Leaders also welcomed the signature of a Cooperation Arrangement on an Early Warning Mechanism between the European Commission and the Republic of Belarus which sets out practical measures aimed at preventing, and rapidly reacting to, an emergency in case of a disruption of supply of natural gas, oil, oil products or electricity between the Republic of Belarus and the European Union.

The Declaration

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