September 23, 2021

Beyond Going Long

Complete UK News World

Nord Stream 2 is also subject to EU rules, a German court has ruled

The German court ruled that the Nord Stream 2 gas pipeline is also subject to EU rules, according to which owners of gas pipelines must also not be suppliers of the gas flowing through them. In this way, the European Union seeks to ensure fair competition.

Oberlandesgericht Düsseldorf (Oberlandesgericht Düsseldorf) rejected the objection raised last year by operators of the North Stream 2 gas pipeline, in which Russia’s Gazprom Group is majority owned and through which gas from the Baltic Sea will be transported from Russia to Germany. The project operators claimed that the union’s rules were discriminatory.

The court did not directly support the decision, and it can be appealed. Gas prices at the Dutch TTF have risen since the court ruling.

“Russian Gazprom will have to auction off its gas capacity, which could further delay supplies,” said Sean Bing, a gas analyst at Refinitiv.

According to EU rules, companies that produce, transport and distribute gas within the Union must be separate or separate. The goal is to ensure fair competition in the market and to prevent companies from preventing competitors from accessing infrastructure.

The North Stream 2 gas pipeline operator claims that the purpose of these rules, revised in 2019, is precisely this project. Many European governments oppose it, and some see it as a tool for Moscow to increase the EU’s dependence on Russian gas.

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