Energy Community Treaty and Energy Charter Treaty: Working towards efficient international energy markets
Article from: OGEL 2 (2014), in Energy Community
Introduction
Fourteen years before the Energy Community Treaty was adopted in Athens in 2005, the international community launched an earlier ambitious initiative aimed at establishing long-term East-West energy cooperation. When the centrally planned economies started dissolving, the need to work towards market-based cooperation became evident. In particular, a tool was needed to create Western investor confidence for the exploration of energy resources in the East. In this process, the European Energy Charter was signed as a political declaration by 48 countries and two international ...