Europe’s post-Brexit budget and the future of energy investments


A burning funnel of the Romanian central oil platform, on the Black Sea, near the shore of Constanta city, Romania. Companies exploring Romania’s Black Sea perimeters include ExxonMobil and OMV Petrom, LUKoil, Romgaz, and Black Sea Oil and Gas.

All EU-27 leaders are looking for a clear understanding of the long-term energy transition investments to create precise state development strategies

A discussion about the EU's post-2020 multiannual budget priorities kicked off an informal meeting of European leaders in Brussels on February 23.

With major delays in 2014-2020 EU budget adoption and the UK’s departure from the bloc scheduled for the late March 2019, the importance of these talks can hardly be overstated as experts expect Britain to leave an annual shortfall of more than €12 billion, post-Brexit.

A lack of consensus currently exists amongst the EU 27 leaders, both on stra...

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