Friday, May 22, 2020

Nord Stream 2: the consequences of the BNetzA decision

What does the decision of the German Federal Network Agency (Bundesnetzagentur, abbr.: BNetzA) mean for Nord Stream 2? PISM outlines some answers:

"The decision has no impact on NS2’s construction but the application of the Gas Directive in its fullest extent poses a serious challenge to Gazprom’s management of the pipeline. Instead, an independent operator will be required to manage it and access to the NS2 for exporters other than Gazprom should be granted as well, otherwise, the European Commission might ask the Court of Justice of the EU (CJEU) to limit Gazprom’s access to NS2’s total capacity. According to Russian law, Gazprom has a monopoly on gas exports via pipeline. The company is concerned that its competitors might take advantage of this situation and lobby for changes in the Russian legislation."

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

No comments:

Post a Comment