Nord Stream 2 to sue EU over new gas rules

Source : 112 Ukraine

Nord Stream 2 company wants exceptions to the new regulations
13:13, 24 April 2019

Nord Stream 2
Open source

Nord Stream 2 company, which owns Nord Stream 2 gas pipeline, reported on an intention to sue the EU if the regulations of the new Gas Directive spread on it, as Politico reported.

“Nord Stream 2 CEO Matthias Warnig has written to European Commission President Jean-Claude Juncker that if the pipeline is not eligible for a derogation from the new rules, "the measure would be discriminatory against [Nord Stream 2] as an investor" and the EU may be breaking an international treaty,” the news agency reports.

$6,5 billion were spent on the planning, and another $11,2 billion went on the construction.

As it was reported, the European Parliament has adopted the renewed gas directive (EU law), which spreads the rules of the gas market of the EU on the pipelines laid from the non-EU countries.

Related: U.S. Vice President criticizes Germany for NATO expenses, Nord Stream 2

The division of the companies-suppliers of the gas and companies which transport it; the access of other operators to the pipe, transparent regulation of the tariffs from Gazprom, 50% of its capacity should be reserved for the alternative suppliers are among the main conditions. The exclusions are possible but only after approval of the European Commission.

Gazprom and its partners intended to begin the realization of the Nord Stream 2 project, which costs ten billion dollars. It is expected that the 1,200-km gas pipeline will be laid through the Baltic Sea, and will connect Russia and Germany bypassing Ukraine, Poland, and Baltic countries. The capacity of the gas pipeline will be twice increased compared to that of the first Nord Stream. The construction is estimated to be completed by the end of 2019.

Related: Denmark refuses to construct Nord Stream 2 gas pipeline

Ukraine is adamantly opposed to the construction by calling it politically motivated and suggesting the EU to create a consortium with the involvement of European companies to manage the existing more efficient transportation route through Ukraine. A number of EU countries have expressed their disagreement with the Nord Stream 2 project in particular Poland and Lithuania.


Система Orphus

If you find an error, highlight the desired text and press Ctrl + Enter, to tell about it

see more