On 24 June, the European Union and the 52 other Contracting Parties to the Energy Charter Treaty (ECT) reached an agreement in principle to modernise this international treaty to bring it more in line with today’s economic and energy reality, concluding a negotiation process that began in July 2020. While the European Commission welcomed the agreement, several NGOs and think tanks criticised it.
According to the European Commission’s press release, the agreement “provides legal...