Russia's Nord Stream 2 loses court case against new EU gas rules

21/05/2020 09:30 Natural Gas

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Russia's Nord Stream 2 gas link developer has lost its court case against changes that apply EU gas market rules to the EU section of offshore links with non-EU countries.

The EU General Court dismissed the complaint on Wednesday, saying that Nord Stream 2 was not directly concerned by the changes to the EU's gas directive as the rules were transposed and applied with some discretion by national governments, and therefore any complaint should be directed at the national level.


Nord Stream 2 had argued that complying with the new obligations would force it to sell the whole 55 Bcm/year pipeline from Russia to Germany to meet unbundling requirements, or "entirely alter its organizational and business structure," fundamentally weakening its investment case.

 

The ruling comes just days after German energy regulator Bundesnetzagentur rejected Nord Stream 2's formal request in January for a waiver from the changes, which have applied since May 2019.

 

Without the waiver, the Gazprom-owned project faces having to comply with EU third-party access, unbundling and tariff transparency rules for the section in German waters, once it becomes operational.

 

BNetzA said such waivers can only be granted to pipelines completed before May 23, 2019.

 

Russian President Vladimir Putin said earlier this year he expected Nord Stream 2 to come online by the first quarter of 2021 at the latest.

 

There are just 160 km (99 miles) of pipe left to lay in Danish waters.

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