On 10 May 2007 the first meeting of the Network of Energy Security Correspondents (NESCO) was held in Brussels. According to European External Relations Commissioner, Benita Ferrero-Waldner, the purpose of this new network is threefold: First, to monitor the security of the EU’s external energy supplies, drawing on the collective capacity and expertise of the European Commission, the Council Secretariat and Member States. Second, to act as an early warning mechanism for potential disruptions of supplies. Third, through its shared assessment of potential threats, to enable the EU to take decisions and prepare itself in the event of a specific threat to EU energy supply. The creation of NESCO was endorsed in the conclusions of the December 2006 European Council as part of a range of proposed actions to ensure greater security in the supply of energy throughout the EU.