EU: New Rules Apply to Nord Stream 2

Thursday, April 25, 2019

The European Union executive on Thursday said its stance on Nord Stream 2 is law and will not change, despite receiving letter from the gas pipeline threatening legal action if it is not exempt from new energy rules.

The bloc amended its energy rules to ensure they would apply to the 11 billion euro ($12 billion) project to build a gas pipeline from Russia to Germany that has come under fire from the United States and several EU nations, who fear it will increase reliance on Russia.

The changes cast doubt over the pipeline's business plan, to be both owned and operated by Russian gas export monopoly Gazprom, and threaten to slow its completion.

In a letter to the European Commission president dated April 12, Nord Stream 2 asked for assurances by May 13 that it would be exempt from the rules, arguing investments in the pipeline were made before they came into force.

It wrote that the letter, seen by Reuters, should be seen as a notice of dispute, threatening to seek arbitration.

"All the letters to the Commission president will be replied in due time," a Commission spokeswoman said.

"We have the legislation in place so you should not expect any change in our position with regards to Nord Stream especially as it has been approved by all member states."

The Nord Stream 2 project is led by Gazprom, with funding provided by Germany's Uniper and BASF unit Wintershall, Anglo-Dutch firm Shell, Austria's OMV and France's Engie.


(Reporting by Alissa de Carbonnel; editing by Jason Neely)

Categories: Pipelines Russia Europe Construction Regulations

Related Stories

VARD Snags $125M Shipbuilding Deal for Subsea Construction Vessel

Six New Gas Wells in Line for BP’s Shah Deniz Field in Caspian Sea

EnQuest to Acquire Harbour Energy's Vietnamese Assets

ADES’ Fourth Suspended Jack-Up Rig Gets Work Offshore Thailand

Saipem’s Castorone Vessel on Its Way to Türkiye’s Largest Gas Field

Flare Gas Recovery Meets the Future

Pharos Energy Extends Licenses for Two Vietnamese Gas Fields

China’s CNOOC Brings Bohai Sea Oil Field On Stream

Offshore Service Vessels: What’s in Store in 2025

AI & Offshore Energy: The Higher the Stakes, the More Value AI Creates

Current News

Mitigate SCC & HE to Keep Offshore Metal Structures Ship Shape

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

CNOOC Puts Into Production New Oil Field in South China Sea

Sunda Energy Starts Environmental Consultation for Chuditch-2 Well Drilling Plans

Pakistan’s OGDC to Start Production at ADNOC’s Offshore Block by 2027

Petrovietnam, Petronas Extend PSC for Offshore Block

Sapura Energy Scoops Close to $9M for O&M Work off Malaysia

Hanwha Ocean Marks Entry into Deepwater Drilling Market with First Drillship

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com