The representatives from France and Germany managed to strike a compromise about the EU gas directive concerning the Nord Stream II project, as Interfax-Ukraine reports.
The compromise is now being examined by the Committee of Permanent Representatives in the European Union (Coreper), the EU Head, currently it is Romania, is supposed to make amendments to the gas directive. The new EU gas directive is due to come into force by the end of May, 2019.
De-facto this version of the gas directive is oriented on the new magisterial Nord Stream 2 gas pipelines, which Russia builds on the Baltic Sea floor.
The new version of the gas directive suggests that all the transboundary gas pipelines, in other words, those pipelines that cross the EU territories from the other countries, are supposed to preserve up to 50% of its power for the gas flow from the independent gas suppliers. Besides, the gas pipeline moderator is supposed to be fully independent from other gas producers.
The Russian monopolist “Gazprom”, which is the only supplier of gas for the Nord Stream 2 project, does not meet the requirement to divide production and transportation. Most likely, Russia will have to keep half of the pipeline power uphold in order for independent suppliers to reserve them.
As we reported earlier, gas supplies via the Nord Stream 2 gas pipeline will begin as planned, on January 1, 2020.
The German economy minister said that implementation of the Nord Stream II project is still possible, as long as Ukraine's vital interests are observed. One of them lies with the assumption that even after 2019, the gas transit from Russia via Ukraine should remain at a decent level.