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Nord Stream 2 pipeline takes EU to court for 'trying to stall project with unfair legislation'
Euronews ^ | 27 July 2019 | Cristina Matamaros

Posted on 07/29/2019 10:01:04 AM PDT by Cronos

A Russian-led project to bring a new gas pipeline to Europe has taken the European Union to court to challenge new rules it says are meant to stall the project.

Nord Stream 2 — a new undersea gas pipeline being built by Russia’s energy firm Gazprom and backed by five European energy companies — said on Friday it had asked the Court of Justice of the European Union to annul an EU gas directive, which dictates the pipes cannot be directly owned by a gas supplier.

The owner of the pipeline is Russia's energy firm Gazprom, who will also be its operator even though 50% of the funding comes from various European energy companies, including Germany's Uniper and BASF, the Anglo-Dutch Shell, Austria's OMV and France's Engie.

The EU tightened regulations on Nord Stream 2 out of concerns the pipeline would give too much control of the EU's energy supply to Russia.

Critics are also worried that the pipeline could deliver a major blow to Ukraine's economy because, along with its TurkStream (a pipeline that runs from Russia to Turkey), Russia would be able to completely bypass Ukrainian lines, leaving Kyiv without gas transit fees.

(Excerpt) Read more at euronews.com ...


TOPICS: Business/Economy; Foreign Affairs
KEYWORDS: energy; europe; pipeline

1 posted on 07/29/2019 10:01:04 AM PDT by Cronos
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To: Cronos
The EU versus Russia... I hate them both!

Who to support???


2 posted on 07/29/2019 10:15:04 AM PDT by Alas Babylon! (The media is after us. Trump's just in the way.)
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To: Alas Babylon!

LOL.....


3 posted on 07/29/2019 10:30:19 AM PDT by rrrod (just an old guy with a gun in his pocket)
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To: Cronos

“” “” Critics are also worried that the pipeline could deliver a major blow to Ukraine’s economy because, along with its TurkStream (a pipeline that runs from Russia to Turkey), Russia would be able to completely bypass Ukrainian lines, leaving Kyiv without gas transit fees.”” “”

Who cares but Ukraine and Hunter Biden? If Muslim invasion won’t bring Merkel down the opposition to this project certainly will.


4 posted on 07/29/2019 10:33:15 AM PDT by NorseViking
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To: Cronos
where's all the green weenies outraged about an underwater pipeline???
5 posted on 07/29/2019 4:10:13 PM PDT by Chode (Send bachelors, and come heavily armed!)
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