Office of the Spokesperson
December 5, 2012
The fourth U.S.-EU Energy Council met today in Brussels and was chaired by EU High Representative/Vice President Catherine Ashton, Commissioner for Energy Günther Oettinger, Secretary of State Hillary Clinton, and Deputy Secretary of Energy Daniel Poneman. The Energy Council, a central component of the U.S.-EU energy relationship, promotes transparent and secure global energy markets; fosters cooperation on regulatory frameworks that encourage the efficient and sustainable use of energy; and identifies joint research priorities that promote clean energy technologies. These actions help to boost economic growth, reduce carbon emissions, and create new jobs on both sides of the Atlantic.
The Energy Council recognized the ongoing work in consolidating the EU internal energy market, which has greatly reduced the vulnerabilities of EU member states to gas supply disruption, diversified choices for electricity and gas sources and routes, and improved the opportunities for renewable energy producers.
The Energy Council recognized the expansion of shale gas and shale oil production in the United States, which is having a profound impact on global energy markets. The Council also acknowledged the continued importance of exchanging information on best practices and regulatory requirements, in particular within the framework of the high level platform on unconventional gas best practices planned by the International Energy Agency. MORE