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Nord Stream 2 Found Arguments Against The Decision Of The German Regulator

Nord Stream 2 Found Arguments Against The Decision Of The German Regulator

Nord Stream 2 provided the court with a justification for an appeal against the decision of the Federal grid Agency of Germany to refuse to release Nord Stream 2 from the requirements of the updated EU Gas Directive, the company told reporters.

"On September 14, 2020, Nord Stream 2 submitted to the higher regional court of Dusseldorf the rationale for its appeal filed on June 15, 2020, against the decision of the German authority Bundesnetzagentur (Federal grid Agency of Germany) to reject the company's application for exemption from the requirements of the amended EU gas Directive," the report says.

Nord Stream 2 had to justify by September 15 this year, RIA Novosti reported in court.

In mid-may, the Federal grid Agency refused Nord Stream 2 to exempt Nord Stream 2 from the requirements of the updated EU gas Directive. According to the regulator's decision, the gas pipeline was not completed by May 23, 2019. as a result, it falls under the amendments to the third energy package of the European Union that came into force. Among other things, the Directive requires that the pipeline entering the EU must either be partially filled by an alternative supplier, or the part of it that runs through the territory of the Union must belong to a third company.

The Nord Stream 2 project involves the construction of a gas pipeline with a capacity of 55 billion cubic meters per year from the Russian coast through the Baltic sea to Germany. It is implemented by Nord Stream 2 AG with the sole shareholder, Gazprom. European partners-Royal Dutch Shell, OMV, Engie, Uniper, and Wintershall-collectively Finance the project by 50%, i.e., up to 950 million euros each.

The project is actively opposed by the US, which promotes its liquefied natural gas in the EU. The United States imposed sanctions on Nord Stream 2 in December, requiring companies to stop laying the pipeline immediately. Swiss Allseas then almost immediately announced the suspension of such work. Now the US is discussing the expansion of sanctions against the project.

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