Summary
Any solution is complicated by the fact that the EU has been unable to develop an external energy policy; national state-owned utilities are instead effectively pursuing bilateral relationships with Gazpromthrough long-termgas contracts. [...] a coherent external energy policy can be developed by the EU, the Russian government will continue to highlight its absence, and the issue of transit and the establishment of a new revised framework for energy sector governance will remain unresolved.Reciprocity and the recognition ofmutual interest must be the foundation of either a revised or a new treaty.
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Extract
Clogging the Hub
tHE ENERGY CHARTER TREATY, WHICH ENTERED into force in 1998, is a legally-binding multilateral treaty regulating inter-governmental cooperation and private investment in the energy sector ...
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