PRESS: EU norms may leave Nord Stream-2 underutilized - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

PRESS: EU norms may leave Nord Stream-2 underutilized

MOSCOW, Feb 18 (PRIME) -- Russia-led Nord Stream-2 gas pipeline may remain underutilized for at least first several years of operations due to new amendments to the E.U. gas directive, Kommersant business daily reported Monday.

The amendments are aimed at extending the gas directive on the Nord Stream-2 project. This means that the pipeline should have an operator independent of Russian gas giant Gazprom, and third parties should receive access to the capacities. If creation of an independent operator is realizable, then access of third parties cannot be organized, as only Gazprom can supply gas to the Russian end of the pipeline as the only company that has right for exports. In this case, similarly to the OPAL, the European Commission may ban Gazprom from using the Nord Stream-2 by more than half, leaving the other half to potential Уthird parties.Ф

Under the amendments, Germany as an E.U. county where the gas pipeline ends can sign an intergovernmental agreement with Russia on exclusion from the directive, the daily said. This would require the E.U.Тs permission for talks and for signing such agreement. The E.U. is to make the decision in 90 days and has a right to request additional information thus lingering the process, Kommersant said.


18.02.2019 10:09
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 71.5973 +0.2483 25 jun
USD 62.9095 -0.2200 25 jun
Stock Market Indices
1D 1W 1M 1Y
rtsi 1387.06 +0.88 18:50 24 jun
micex 2762.65 +0.05 18:50 24 jun
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 232.38 +1.44 18:49 24 jun
lkoh 5270.00 -1.27 18:49 24 jun
rosn 416.45 -0.63 18:49 24 jun
sber 239.09 +0.45 18:49 24 jun
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 71.6850 +0.1250 14:59 24 jun
USDTD 62.9175 -0.2325 17:44 24 jun