TreatyOn 18 July 2014, arbitral tribunals constituted under the Energy Charter Treaty pursuant to the UNCITRAL Arbitration Rules delivered the most awaited investment arbitral decisions of recent times. In Yukos Universal Limited v. The Russian Federation, Hulley Enterprises Limited v. The Russian Federation, and Veteran Petroleum Limited v. The Russian Federation, identical arbitral tribunals (Yves Fortier – Chairman, Charles Poncet and Judge Stephen Schwebel) ruled that the Russian Federation breached its obligations under the Energy Charter Treaty (ECT).
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OTHER NEWS


KC ReviewThe third issue of the Knowledge Centre Review is now available. In this May-June issue, the Knowledge Centre shares interesting articles such as the piece by the Minister of Energy of Lithuania Mr. Jaroslav Neverovič on the completion of the first LNG terminal in the Baltic region, as well as new research on key energy topics. In addition, readers will be informed about Secretary General Rusnák's trip to China, the conclusion of two very successful Knowledge Centre Training Programmes (one in Brussels and one in Astana) and about the Ulaanbaatar Energy Charter Forum.
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MaltaUpon the invitation of the Minister of Energy and Health of Malta Dr. Konrad Mizzi and the EU Energy Commissioner Gunther Oettinger, Secretary General Urban Rusnák participated in the Malta Energy Conference 2014. In his intervention Amb. Rusnák stressed the importance of the Charter Process in the development of a predictable investment climate, energy transit, cross-border energy trade and regional energy cooperation in the broader Mediterranean area. All littoral states of north Mediterranean are members of the Energy Charter Treaty and most of the countries of the south and the east are observers to the Charter Conference. The Secretary General informed the participants of the ongoing modernisation of the Energy Charter Process and the updating of the 1991 Energy Charter – the political declaration underpinning the Charter Process.
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IcelandPursuing the Energy Charter consolidation policy, Secretary General Rusnák is on mission to Reykjavik on 7-8 July 2014. Iceland is one of the five original Energy Charter Treaty signatories which have not ratified the Treaty. The Secretary General met with the minister responsible for the energy portfolio, the Minister for Industries and Innovation Ms. Ragnheidur Elin Arnadottir, to discuss the possible ratification of the Treaty by Iceland. The meeting was also attended by a representative of the Ministry of Foreign Affairs. Minister Arnadottir confirmed that the ratification of the Treaty was under active consideration in her ministry. She indicated that the issue could be brought to discussion before the cabinet in the coming months.
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Charter and OSCEOn 2 July 2014 the OSCE Secretariat in cooperation with the Energy Charter Secretariat held a workshop on Sharing Best Practices to Protect Electricity Networks. The workshop took place in Vienna and was opened by Amb. Lamberto Zannier, OSCE Secretary General, and Amb. Urban Rusnák, Energy Charter Secretary General. This workshop served as an initial event to launch the preparation of a handbook on best practices to protect electricity networks from natural and man-made disasters.
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PUBLICATIONS


Moscow Forum 2014 RUS(2014) The report on the Moscow Energy Charter Forum held on 3 April 2014 has been published (currently available in Russian only).
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AR 2013 ENGThis report gives an overview of the 2013 activities of the Secretariat and the organisation in general.
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Asset Swaps 2014 ENG(2014) This study was prepared jointly by the Energy Charter Secretariat and the Energy Research Institute of the Russian Academy of Sciences.
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IAP Insights 2013(2014) This annual publication gives an overview of the Industry Advisory Panel's activities.
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