The Energy ministers of the seven most industrialized countries in the world have agreed that “energy should not be used as a means of political coercion nor as a threat to security”.
At the end of their latest meeting held in Rome, the ministers of Canada, France, Germany, Italy, Japan, the United Kingdom, the United States said that “energy disputes should be solved through dialogue based on reciprocity, transparency and continued cooperation”.
They also expressed their deep “concern” over the fallout of the Ukraine crisis on the global energy market and pledged to provide Kiev assistance to strengthen its energy security.
The G7 energy ministers said that they are committed “initiate a systematic and enduring step change” to improve energy security at national, regional and global levels.
“We believe that a broader energy security strategy is needed to address the larger dimensions of today’s globalized energy markets shared among energy consumers, producers and transit countries”, said the ministers in their joint statement.
“Energy security is a collective responsibility, a core component of our economic and national security that is inherently linked to the energy security of our allies, partners and neighbors”, stressed the ministers.
