The Portuguese Republic, acting as the depositary of the Energy Charter Treaty (“<span class="news-text_medium">ECT</span>”) and the Energy Charter Protocol on Energy Efficiency and Related Environmental Aspects (“<span class="news-text_medium">PEEREA</span>”), has confirmed the receipt of notifications from both Norway and Denmark regarding their decisions to withdraw from the ECT and PEEREA.
Norway has notified the depositary of its decision not to become a contracting party to the ECT and PEEREA, while Denmark’s withdrawal will take effect on 4 September 2025. Under Article 47(3) of the ECT, investments covered by the Treaty at the time of each country’s withdrawal will continue to receive protection for 20 years from the respective date of withdrawal.
This development marks a significant shift in the participation of European countries in the ECT, which is designed to promote energy cooperation and protect investments in the energy sector.
