PRESS RELEASE: EU’s winter package is a chance to boost energy infrastructure and raise the level of LNG supplies in Europe

The European Commission presented, on Tuesday, a proposal of new regulations aiming to strengthen the EU’s energy security. Brussels wants to put more emphasis on the development of energy infrastructure, based on a policy that is co-ordinated at both the EU and regional levels. Experts from Central Europe Energy Partners (CEEP) argue that it is a step in the right direction. The new regulations have been designed to safeguard the security of gas and electricity supply, map out the strategy for LNG supply and storage, strengthen the position of EU institutions in the process of negotiating gas contracts for the Member States, and define challenges related to heating and cooling. According to Marcin Bodio, Chief Executive Officer of CEEP, the ‘winter package’ should be seen as a reaction to macroeconomic and geopolitical challenges that the European Union is facing these days. The EU is responding to these challenges by enhancing its internal market, diversifying the supplies of strategic resources, especially liquefied natural gas, and increasing the transparency in trade relationships between suppliers and consumers of energy resources. “The package of new regulations is a step in the right direction. The key thing that these documents recognise is the role of transmission infrastructure – i.e. terminals, gas and oil pipelines, as well as systems for the transmission of electricity – in the process of creating a common market. This is especially important when considering the new strategy for LNG supply and storage. CEEP has been calling for the EU to adopt such a document. The common goal of the EU institutions and industry organisations, such as CEEP, is to allow [...]