Taking its first step towards the delivery of the Energy Union, on Tuesday 16th February, the European Commission (EC) presented its Energy Security Package. With the aim of bolstering security of supply, the package sets out a wide range of measures to strengthen the European Union’s (EU’s) resilience to gas supply disruptions and takes yet another small step towards the creation of a truly interconnected and integrated internal energy market.
In this energy flash, we provide concise and in-depth analysis on the four proposals presented, taking into consideration the broader political and economic context. We also make recommendations, proposing suggested next steps on how industry could react following the presentation of the package.
Constantine Levoyannis is Senior Consultant and Mateusz Stankiewicz-Szynka is Consultant at FTI Consulting in Brussels.