The German ruling coalition has drafted a new law that is supposed to protect the newly constructed Nord Stream-2 gas pipeline from the stricter rules of the updated EU's gas directive. It was reported by European Pravda.
The EU's Gas Directive reportedly provides an obligation for an operator to allocate a gas pipeline, regardless of the company that supplies it with gas. The amendments to the directive also allowed it gas pipelines from third countries, in particular, Nord Stream-2, under its influence.
As a result of its introduction, Gazprom will no longer be able to simultaneously own the gas pipeline and sell gas coming through this pipe. Russian legislation, on the other hand, gives Gazprom a monopoly on natural gas exports outside Russia.
It is noted that the gas directive makes exceptions for gas pipelines that were built before May 23, 2019 – the directive is not applied to them.
Coalition parties state that the Gas Directive "gives preferential status to existing investments in order to protect legitimate expectations".
The amendment replaces the date with the formulation "existing investment". This means that current investments, such as Nord Stream-2, can count on EU's law exemptions.
German media says that it will be a clear violation of the EU's directive, which Brussels describes as unacceptable.