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The Head Of The Bundestag Committee Criticized The Decision Of The German Regulator On Nord Stream 2

The Head Of The Bundestag Committee Criticized The Decision Of The German Regulator On Nord Stream 2

The decision of the German regulator not to exempt Nord stream 2 from the requirements of the updated EU Gas Directive inspires concern. This was stated on Friday in response to a request from a TASS correspondent, the head of the Bundestag Committee on economy and energy, Klaus Ernst.

"I am still concerned that the regulatory prerequisites for such a large project as Nord stream 2 are once again significantly changed shortly before commissioning," he said. In his opinion, such short-term changes "devalue the investment" and will entail claims for damages. The MP recalled that the project was slowed down, in particular, due to US pressure.

"I hope that Nord Stream 2 will attract legal means against this decision and wish the company success in the legal confrontation," said the representative of the Left party.

Earlier on Friday, the Federal Grid Agency of Germany reported that Nord Stream 2 AG refused to withdraw the Nord Stream 2 project from the rules of the updated EU Gas Directive. The Agency notes that the necessary condition for removing the pipeline from the rules of the updated Gas Directive was its implementation before May 23, 2019.

At the same time, Nord Stream 2 AG pointed out that the concept of "project completion" should be considered more broadly than just from the point of view of construction and technical processes. According to the company, it is necessary to take into account the fact that by the time the new rules came into force, billions of dollars of investment had already been made, taking into account the previous legal situation.

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