Sep
11
Enabling energy markets of tomorrow The Heads of Delegation reaffirmed the importance of integrated energy markets as part of open, flexible, competitive and transparent global energy markets. They also recognized the need for continued and substantial investments in energy infrastructure and discussed G7 governments’ role in addressing investment barriers. They noted the importance of community engagement and meaningful dialogue to build public confidence in energy projects, including through consultation with women, youth and Indigenous groups. Heads of Delegation expressed their intent to pursue energy market integration as well as measures that will achieve more dynamic, transparent and competitive energy markets and more predictable energy trade. In this regard, they reiterated the importance of greater flexibility of commercial clauses in LNG contracts, including relaxation of destination restrictions, and similar restrictive mechanisms. To this end, they encouraged the sharing of information, on a voluntary basis, of private sector and regulatory best practices.
Leave A Comment