Following the 18th Ministerial Council of the Energy Community, convened virtually under the Montenegro Presidency on 17 December 2020, the Ministerial Council by written procedure adopted a list of six Projects of Energy Community Interest (PECI) and eleven Projects of Mutual Interest (PMI). Once again, the Brody-Adamowo oil pipeline construction project took a worthy place on the PECI list.
The above-mentioned lists were drawn based on the Regulation 347/2013 on guidelines for Trans-European energy infrastructure. They contain key international projects in the scope of constructing the infrastructure related to the transmission of electricity, gas and crude oil. The implementation of priority projects will favor the integration of energy markets of the Energy Community countries with the EU market.
The Ministerial Council selected two projects from among the investments important for the development of the oil transportation infrastructure. Project “Oil 01, the Brody – Adamowo oil pipeline” got the status of a Project of Energy Community Interest (PECI). The second project selected by the Ministerial Council – “Oil 02: organization of the transportation of several crude oil grades through the Southern Druzhba” acquired the status of a Project of Mutual Interest (PMI). Its promoter is JSC “Ukrtransnafta” from Ukraine. Both mentioned projects are the parts of the Euro-Asian Oil Transportation Corridor.
Priority projects can benefit from investment incentives, streamlined permit granting and enhanced regulatory conditions.
In accordance with Regulation 347/2013 the list of the Projects of Mutual Interest of the Energy Community should be verified and approved by the Ministerial Council every two years. The first list of PECI was approved on 24 October 2013. It included, among others, two projects related to the construction of oil infrastructure, including the construction of the Brody-Adamowo oil pipeline.
Decision D/2020/04/MC-EnC of the Council of Ministers of the Energy Community regarding the approval of the PECI list is available on the website of the Secretariat of the Energy Community.
The Decision entered into force on January 14, 2021.