The GCC Countries and their Future Membership in the Energy Charter Treaty: Rights and Obligations under the Energy Charter Treaty
Article from: OGEL 3 (2005), in The Energy Charter Treaty
Introduction
The idea of an international treaty regulating energy trade, transit, and cross-border investment was proposed at the European Council in Dublin on 25 June 1990. In reaction to the collapse of the USSR and the vast endowment of energy resources in the former Soviet Union Countries (FSU) an East-West energy corridor was proposed in order to secure Europe's need for energy supplies and provide eastern countries with capital and technology. The Treaty sought to serve as a political and legal foundation for cooperation between these two sets of countries and enhance political ...