“A legally-binding solidarity mechanism and a harmonised EU-wide list of protected customers mean that gas supplies will no longer be used as a political weapon or an instrument of blackmail”, commented Jerzy Buzek MEP, Chairman of the European Parliament’s Committee on Industry, Research and Energy and Rapporteur on the Regulation on measures to safeguard the security of gas supply, adopted today in plenary. Full article…
Data extracted in June 2017.
Update – a memorandum of cooperation is available.
Today European Commissioner for Climate Action and Energy Miguel Arias Cañete and Japanese Minister of Economy, Trade and Industry Hiroshige Seko signed a Memorandum of Cooperation between the EU and Japan on promoting and establishing a liquid, flexible and transparent global Liquefied Natural Gas (LNG) market. Under the Memorandum, the EU and Japan will exchange experience and undertake joint activities to spread best practices to improve the functioning of the global LNG market. Full article…
Vice-President Andrus Ansip, Vice-President Jyrki Katainen and Commissioner Cecilia Malmström spoke this morning at the EU-Japan Business Roundtable – a yearly gathering of businesses and policy makers, alternating between Japan and Brussels. The roundtable was the first opportunity to present to European and Japan business leaders last week’s Economic Partnership Agreement reached with Japan. Vice-President for the Digital Single Market Ansip accentuated in his speech that the EU and Japan can bring their digital cooperation to the next level with free flow of personal data based on converging data protection laws, while Trade Commissioner Malmström noted in her speechthe new opportunities the companies will be able to enjoy after the Economic Partnership Agreement removes 99 per cent of customs duties and reduces unnecessary red tape. This afternoon, Climate Action and Energy Commissioner Miguel Arias Cañete will meet Japan’s Minister of Economy, Trade and Industry Hiroshige Seko to sign a joint Memorandum of Cooperation on Liquefied Natural Gas (LNG) and to exchange views on the state of the EU-Japan energy dialogue. Vice-President Jyrki Katainen will also meet Minister Seko to discuss international trade and investment issues. Later in the day, Minister Seko will additionally meet Vice-President Ansip and Commissioner for Justice, Consumers and Gender Equality Vĕra Jourová to discuss data protection, adequacy decisions and data flows between Japan and the EU. The EU and Japan have been in a dialogue to promote high data protection standards since January 2017. Last week Commissioner Jourová took stock of progress in this dialogue with Japanese data protection Commissioner Haruhi Kumazawa. Additionally, President Juncker and Prime Minister Abe issued last Thursday a joint declaration, reaffirming the importance of ensuring a high level of privacy and security of personal data as a fundamental right and as a central factor of consumer trust in the digital economy. The aim is to strengthen EU-Japan industrial and digital cooperation in various digital fields, including also topics such as the Internet of Things and eGovernment. (For more information: Nathalie Vandystadt – Tel.: +32 229 67083; Daniel Rosario – Tel.: +32 229 56185; Christian Wigand – Tel.: +32 229 62253; Inga Höglund – Tel.: +32 229 50698)
Source: European Commission
The EBRD is boosting the Turkish shipping industry with a US$ 19.5 million loan to a local ship maintenance yard, Tersan Tersanecilik Sanayi ve Ticaret A.Ş.
On Tuesday 11 July, Commissioner for Climate Action and Energy Miguel Arias Cañete and Japan’s Minister for Economy, Trade and Industry Hiroshige Seko will sign a joint Memorandum of Cooperation on LiquefiedNatural Gas (LNG). As the EU and Japan taken together account for nearly 50% of overall global LNG consumption, reinforced cooperation between the EU and Japan will promote the liquidity, flexibility and transparency of the global LNG market. The signature takes place just days after leaders at the EU-Japan Summit in Brussels reached a political agreement on two landmark agreements, the Economic Partnership Agreement and the strategic partnership agreement (read IP/17/1927). Ahead of the signing, Commissioner Miguel Arias Cañete said: “International LNG markets are set for major change with substantial new liquefaction capacity coming on stream. LNG prices across the Atlantic and Pacific basin are converging and the LNG market moves towards higher liquidity and flexibility. For the EU, the current developments in the global LNG market offer an opportunity to let LNG play its full role in diversifying gas supplies to all member states and in enhancing the competitiveness in the internal gas market. Japan is the world’s largest LNG importer. Being natural allies in this regard, the EU and Japan both want to promote the liquidity, transparency and flexibility of the global LNG market. This will ensure competitive LNG supplies and make the international market more resilient and prepared to respond to emergencies.” The signing ceremony takes place on Tuesday 11 July at 15:00 CET in the Commission’s Berlaymont building and will be transmitted by Europe by Satellite (EbS). The signing ceremony is open to audiovisual media. For registration please contact Maria.GLOWACKA@ec.europa.eu. (For more information: Anna-Kaisa Itkonen – Tel.: +32 229 56186; Nicole Bockstaller – Tel.: +32 229 52589)
Source: European Commission
This is an overview of all press releases, statements, speeches, factsheets, infographics, draft texts of chapters, and other documents published on the EU-Japan Economic Partnership Agreement.
The European Commission has approved under the EU Merger Regulation the acquisition of a joint venture by Gasunie LNG Holding BV, Vopak LNG Holding BV, both of the Netherlands and Oiltanking GmbH of Germany. The joint venture will have a liquefied natural gas (LNG) terminal in Northern Germany. LNG terminal in the Netherlands. LNG terminal in the Netherlands. Vopak is an independent tank storage, operating two LNG import terminals in the Netherlands and in Mexico. Oiltanking is an independent storage services provider for petroleum products, chemical gases and dry bulk. The Commission considers that it is not possible to make a decision on whether or not to make a contract with the Commission. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.8484 . (For more information: Ricardo Cardoso – Tel .: +32 229 80100, Maria Sarantopoulou – Tel .: +32 229 13740) More information is available on the Commission’s competition website, in the public case register under the case number M.8484 . (For more information: Ricardo Cardoso – Tel .: +32 229 80100, Maria Sarantopoulou – Tel .: +32 229 13740) More information is available on the Commission’s competition website, in the public case register under the case number M.8484 . (For more information: Ricardo Cardoso – Tel .: +32 229 80100, Maria Sarantopoulou – Tel .: +32 229 13740)
Source: European Commission