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Nord Stream 2 asks European Court to stop discriminations against project

Nord Stream 2 reserves the option to defend its rights under international law by proceeding separately with arbitration against the EU pursuant to the investment protection guarantees of the Energy Charter Treaty
08:51, 28 July 2019

Nord Stream 2
Open source

Nord Stream 2 AG has asked the Court of Justice of the European Union to put an end to discriminatory measures against its pipeline project, the company said in a statement. This message was published on the website of Nord Stream 2 project.

The Nord Stream 2 filed a suit for annulment before the General Court on July 25, 2019.

"Nord Stream 2 requests that Directive (EU) 2019/692 amending the EU Gas Directive be annulled because of an infringement of the EU law principles of equal treatment and proportionality. This would lead to the cancellation of Directive (EU) 2019/692 as the amendment was clearly designed and adopted for the purpose of disadvantaging and discouraging the Nord Stream 2 pipeline," the statement said.

"We as a prudent investor are committed to protecting our investments. But the amendment to the Gas Directive is not only harmful to Nord Stream 2. Such obvious discrimination against an individual commercial investment also undermines the ability of the EU's internal market to attract investments for making the energy transition a reality", Matthias Warnig, CEO of Nord Stream 2 AG, was quoted as saying in the statement.

Related: Zelensky, Trump to discuss construction of Nord Stream II

Furthermore, Nord Stream 2 reserves the option to defend its rights under international law by proceeding separately with arbitration against the EU pursuant to the investment protection guarantees of the Energy Charter Treaty (ECT).

As it was reported earlier, Nord Stream 2 withdrew the application for the route in territorial waters of Denmark to the south of Bornholm, terminating the application process that lasted more than two years.

Related: OSCE adopts resolution against Turkish Stream and Nord Stream 2

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