Towards a new framework for cross-border pipelines: The International Pipeline Agency (IPA)

The role of cross-border pipelines has greatly increased over the last couple of years and is considered as one of the main ingredients of energy security. However there is no regulatory body regulating their activities, causing problems that disrupt the flow of hydro-carbon resources. A treaty like the Energy Charter Treaty is not sufficient to deal with the problems faced by cross-border pipelines. This viewpoint proposes the need for the creation of a new pipeline agency that can deal with the various issues affecting the pipelines. - Highlights: → Problem with current mechanisms dealing cross-border pipeline disputes. → Problem with compliance and enforcement in cross-border pipelines. → Regulatory aspect of cross-border pipelines. → New framework for cross-border pipelines.