The energy community: evaluation, five years later

In October 2005,the European Community and Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Montenegro, the Former Yugoslav Republic of Macedonia, Romania, Serbia and UNMIK on behalf of Kosovo signed the Treaty establishing the Energy Community, which role is to provide for the creation of a single energy market and the mechanism for the operation of markets. This document first presents the energy situation and challenges in south-western Europe, and then recalls the role of the Energy Community, its organization, legislation and first results. It then discusses the enlargements of the Community in eastern Europe, Turkey, Caucasus and central Asia, and examines its possible perspectives following the enlargement (success or dilution) and its future role