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EC ready to listen to Nord Stream 2 gas pipeline operator's arguments

Gasoil News - Published on Wed, 15 May 2019

Image Source: Oil Price
Sputnik quoted Press Officer for Climate Action and Energy Ms Lynn Rietdorf as saying that EC has responded to a request from Nord Stream 2 AG, the operator of the Nord Stream 2 gas pipeline, stating that EC experts are ready to meet and listen to arguments in favour of excluding the project from amendments to the EU Gas Directive. Ms Rietdorf said that "In its reply, the European Commission follows the legal procedure – the ‘dispute settlement mechanism’ – set out in the Energy Charter Treaty, stating that its services are ready to meet with the project promoters to hear their arguments. At the same time and as part of the procedure in such cases, in line with Financial Responsibility Regulation, the Commission must formally inform the European Parliament and the Council of its reply – which we have done."

Previously, the Council of the European Union approved the amendments to the EU Gas Directive. These amendments stipulate the rules of operation of the offshore sections of gas pipelines in the EU and thus may affect the construction of the Nord Stream 2 pipeline.

Meanwhile, Nord Stream 2 is a joint venture between Russian gas giant Gazprom and five European companies — Germany’s Uniper and Wintershall, France’s Engie, Austria’s OMV and Anglo-Dutch Royal Dutch Shell. The project, due to be completed before the end of this year, aims to deliver 55 billion cubic meters (1.9 trillion cubic feet) of Russian natural gas annually to the European Union.

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Posted By : Rabi Wangkhem on Wed, 15 May 2019
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