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Amendments to EU gas directive may leave Nord Stream 2 half empty

Gasoil News - Published on Wed, 20 Feb 2019

Image Source: Sputnik International
Russian Kommersant newspaper reported that the Nord Stream 2 gas pipeline is likely to remain underutilized for at least several years of operation due to the latest amendments to the EU gas directive. The amendments, in particular, prescribe that not only the European Commission, but also a committee of representatives from all EU countries will have to give consent to make a project exempt from EU norms, which would make the procedure lengthy and difficult.

The media outlet, citing informed sources, said that the current version of the text was final as it would be "undoubtedly approved" at the re-vote at the Council of the EU on February 20.

In practice, the amendments mean that the Nord Stream 2 pipeline must have an operator that is independent of Gazprom and that third parties must receive access to the facility. Currently, the Nord Stream 2 AG consortium is fully responsible for the construction and operation of the pipeline.

A handout by Nord Stream 2 claims to show the first pipes for the Nord Stream 2 project at a plant of OMK, which is one of the three pipe suppliers selected by Nord Stream 2 AG, in Vyksa, Russia, in this undated photo provided to Reuters on March 23, 2017

Source :

Posted By : Rabi Wangkhem on Wed, 20 Feb 2019
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