Following the proposals made by the Commission in its Second Strategic Energy Review tabled in November 2008 and their endorsement by the Energy Council in January and February, the European Parliament and the Spring European Council the Commission has elaborated new rules to improve security of gas supplies in the framework of the internal gas market. The proposed Regulation strengthens the existing system and ensures that all Member States and their gas market participants take well in advance effective action to prevent and mitigate the consequences of potential disruptions to gas supplies. It also creates mechanisms for Member States to work together, in a spirit of solidarity, to deal effectively with any major gas disruptions which might arise.
The Commission prepared a proposal for a Regulation concerning the security of gas supply and repealing the current Directive 2004/67/EC based on Article 95 of the Treaty and encompassing the following principles:
In addition the Commission proposed greater transparency on the likely evolution of energy infrastructure in main energy sectors such as oil (including biofuels), electricity and gas, but also in related areas such as the transport and storage of carbon related to energy production. Transparency on planned and ongoing investment projects will help to assess whether there is a risk of infrastructure gaps over the coming years and will contribute to shaping a favourable climate for investment.