Monday, November 4, 2019

How to react on the impending completion of Nord Stream 2

The Atlantic Council has asked four energy experts about their opinion on what are the sensible reactions to the imminent completion of natural gas pipeline Nord Stream 2 after the last obstacle has been cleared.

Olga Khakova, associate director for European energy security at the Atlantic Council’s Global Energy Center has a useful approach:

"This is a critical moment for the European Commission to flex its enforcement muscles and ensure that Nord Stream 2 fully complies with the amended gas directive, which expands European Union rules to cover offshore pipelines from third-party countries entering the union. The EU law (the Third Energy Package) entails pipeline and gas ownership unbundling, third-party access to the pipeline, and transparent, nondiscriminatory price tariffs.  If the Commission fully implements the rules, Gazprom would have to make substantial changes to comply with the amendment, which will lead to further project delays. Having to operate under transparent and competitive EU market rules weakens Gazprom’s ability to use energy as a geopolitical lever."

You can read the rest of the piece via the below link:

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