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THE NEW ENERGY SECURITY PACKAGE - A STEP FORWARD TO EUROPEAN NATURAL GAS SECURITY OF SUPPLY

On 16 February 2016 the European Commission ('EC') officially presented the new Energy Security Package. The set promotes the EC’s increased role in the energy sector and aims at preventing and mitigating natural gas supply interruptions and increasing the liquidity and interconnection of the European internal energy market. In its current version the package has as a main focus the European natural gas market as it consists of (i) Security of Gas Supply Regulation; (ii) a new and revised Inter Governmental Agreements Decision and (iii) Liquefied natural gas ('LNG') and gas storage strategy.

For further information please contact

Radoslav
Mikov
Partner
Bulgaria
Katerina
Novakova
Senior Associate
Bulgaria

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