Eu Court Rejects Nord Stream 2 AG's Claim Against Gas Directive
The European court of justice rejected the claim of Nord Stream and Nord Stream 2 AG against the decision to extend the law to gas pipelines from third countries.
"The Supreme court found that the Directive does not directly affect the interests of Nord Stream 2 AG and Nord Stream AG," the press release said.
Earlier, the German Federal Grid Agency (BNA) refused to exempt Nord stream 2 from the rules of the European Union's gas Directive. The decision was motivated by the fact that the pipeline was not completed by May 23, 2019, when the amendments that extend the rules of the third EU energy package to gas transport systems between the EU States and third countries came into force.
According to accepted norms, a mining company should not own the pipeline that delivers its gas. They will also extend to the Nord Stream 2 in its final part — on a segment of 12 nautical miles off the coast of Germany.
The operators did not agree with the decision of the German regulator and stated that the project was completed in terms of economic functionality by the time the amendments came into force.
The project involves the construction of two lines of a gas pipeline with a total capacity of 55 billion cubic meters per year from the Russian coast through the Baltic sea to Germany. The pipeline is actively opposed by the United States, which promotes its liquefied natural gas in the EU, as well as Ukraine and a number of European countries.
Washington in December imposed sanctions against Nord Stream 2 and demanded that the companies leading the pipeline immediately stop construction. Swiss Allseas almost immediately announced the suspension of work.
As Vladimir Putin noted, Russia is able to implement the project without attracting foreign partners. According to him, Nord Stream 2 will be operational by the end of this year or in the first quarter of the next year. The head of Gazprom, Alexey Miller, also said that the company has all the funds to complete the construction itself, but it will take longer than expected.
Last week, Bloomberg reported that the construction of the gas pipeline will soon enter the final stage. According to the Agency, satellite images of the German port of Mukran published by Planet Labs inc. show sections of the pipeline that were in storage near the Harbor were moved to the pier with a crane for loading. Five kilometers from the port, the floating pipelayer Akademik Chersky anchored.