Skip to main content

EU parliament backs regulation of Nord Stream 2

Published by
World Pipelines,


EU lawmakers backed draft rules yesterday to extend the bloc’s internal energy market laws to offshore gas pipelines such as Russia’s planned Nord Stream 2 link to Germany.

Lawmakers on the European Parliament’s industry committee voted 41 votes to 13 in favour of the European Commission’s proposal, with 9 abstentions.

The European Commission’s proposal is supported by east European and Baltic countries, many of which fear that the 1225 km (760 mile) pipeline will undermine EU efforts to reduce dependence on Moscow and EU support for Ukraine by depriving it of gas transit fees.

The pipeline’s backers, including Germany, oppose the rule change as an attempt to block construction of what they see as a purely commercial project.

In its current form, the Nord Stream 2 project – being fully owned by Russia’s gas export monopoly Gazprom – does not comply with the EU’s third energy package rules.

Read the article online at: https://www.worldpipelines.com/regulations-and-standards/22032018/eu-parliament-backs-regulation-of-nord-stream-2/

You might also like

 

TMK announces 3Q20 operational results

TMK, a producer of tubular products for the oil and gas industry, has announced its operational results for the third quarter and first nine months of 2020.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Europe pipeline news Gazprom pipeline news Nord Stream 2 news


 

World Pipelines is not responsible for the content of external internet sites.