| Author (Corporate) | European Commission |
|---|---|
| Publisher | EU |
| Publication Date | 2017 |
| Content Type | Key Source, Overview |
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The Euratom Supply Agency's mission is to ensure a regular and equitable supply of nuclear fuels for European Community users. The Euratom Supply Agency acts under the supervision of the European Commissioner which shall issue directives to it, possesses a right of veto over its decisions and appoints the Director-General. Two fundamental objectives of the European Atomic Energy Community (Euratom) Treaty are to ensure the establishment of the basic installations necessary for the development of nuclear energy in the Community, and to ensure that all users in the Community receive a regular and equitable supply of ores and nuclear fuels. The Euratom Supply Agency, operative since 1960, is the body established by the Euratom Treaty to ensure this supply by means of a common supply policy based on the principle of equal access to sources of supply. It has legal personality and financial autonomy. The Euratom Treaty gives the Supply Agency the right of option to acquire ores, source materials and special fissile materials produced in the Community and an exclusive right to conclude contracts for the supply of such materials from inside the Community or from outside. In order to be valid under Community law, supply contracts must be submitted to the Supply Agency for conclusion. The Supply Agency and the Commission pursue the objective of long term security of supply through a reasonable diversification of supply sources and the avoidance of excessive dependency on any one supply source, and ensure that in a context of fair trade, the viability of the nuclear fuel cycle industry is maintained. |
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| Source Link | Link to Main Source http://ec.europa.eu/euratom/ |
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| Subject Categories | Energy |
| Countries / Regions | Europe |
