Europe was threatened with a fine for the failure of the “Nord stream-2»

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Photo: Christian Charisius / Reuters

The company 2 the Nord Stream AG, the operator of the pipeline “Nord stream-2”, will require compensation in the event of a change of the gas legislation of the European Union. This was stated by Executive Director Matthias Warnig in an interview with German magazine WirtschaftsWoche.

According to him, the construction of the pipeline has already invested about five billion euros. These investments are done on the basis of the current gas Directive.

Developed by the European Commission at the end of the 2017 amendments to the gas Directive provide for the dissemination of the provisions of EU energy legislation for natural gas pipelines from countries outside the Union. Amendments can take up to the end of 2018.

The gas Directive is to extend the application of the third energy package of the European Union for the project “Nord stream-2”. Energy package aimed at liberalization of the electricity and gas market in the European Union. With this document the EU hopes to limit for companies exporting fuel right of possession and control of pipelines. The European Commission is seeking the business section for the sale and transportation of gas.

2 Nord Stream AG on 31 January said that Germany allowed the construction of “Nord stream-2” in the territorial waters of the country.

“Nord stream — 2” project of a gas pipeline from Russia to Germany through the Baltic sea. The project is implemented by Nord Stream AG 2, 51 percent of which is owned by Gazprom. The new pipeline is scheduled to enter into operation before the end of 2019. Its total capacity will be 55 billion cubic meters of gas per year.

Video, photo All from Russia.



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