The fourth CESEC High Level Group Ministerial meeting took place in Bucharest on 28 September 2017. Commission Vice-President responsible for the Energy Union Maroš Šefčovič and Commissioner for Climate Action and Energy Miguel Arias Cañete met Ministers from 9 EU countries and 8 Energy Community Contracting Parties and agreed to reinforce their regional cooperation.
The Ministers signed a Memorandum of Understanding (MoU) expanding CESEC's scope beyond gas into electricity markets, energy efficiency and renewable development. The MoU incorporates a list of priority projects to build an interconnected regional electricity market, as well as specific actions to boost renewables and investment in energy efficiency in a region with vast growth potential in these areas. In addition, the Connecting Europe Facility Grant Agreement for the Krk LNG Terminal in Croatia was initialled. Ministers also reconfirmed their commitment to rapidly complete the remaining CESEC priority gas projects, and adopted an updated action plan on gas market and regulatory aspects setting out progress made since September 2016.
Commissioner Cañete said:
Thanks to the high level political commitment we have witnessed today, and to the smart mobilisation of EU funds, we will continue to complete the energy infrastructure the region needs. By extending CESEC's scope beyond gas, we will ensure effective access to alternative sources of energy, promote competition and lower prices, while also decarbonising the region's economies.
CESEC (Commission Initiative on Central and South-Eastern European Energy Connectivity) brings together the EU countries Austria, Bulgaria, Croatia, Greece, Hungary, Italy, Romania, Slovakia and Slovenia, and the Energy Community Contracting Parties FYROM, Serbia, Ukraine, Albania, Bosnia and Herzegovina, Montenegro, Kosovo, Moldova, to accelerate the integration of central and south eastern European gas markets and diversify gas supplies.
More information is available in the press release.