E.U. Seeks Power to Block Bilateral Energy Deals

Oil and Gas Investing

NY Times reports that the European Union’s executive division plans at stopping countries to refrain from striking bilateral energy deals.

NY Times reports that the European Union’s executive division plans at stopping countries to refrain from striking bilateral energy deals.

The market news is quoted as saying:

The proposal would require approval by member states and the European Parliament, and governments could balk if major oil and natural gas companies vying for new contracts in places like Libya insist that sharing such information would jeopardize their negotiations.

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