• 3 minutes "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 9 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 10 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 27 mins Energy Armageddon
  • 18 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 2 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 4 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 4 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 4 days "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 5 days The Federal Reserve and Money...Aspects which are not widely known
  • 2 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 6 days Goldman Betting on Cryptocurrencies
  • 9 days Сryptocurrency predictions
  • 14 days Putin and Xi Bet on the Global South

Breaking News:

Oil Prices Jump On Major Crude Draw

Court: Nord Stream 2 Gas Pipeline Not Exempt From EU Rules

The Nord Stream 2 gas pipeline from Russia to Germany will have to obey European Union regulations that separate owners of the pipelines from suppliers of gas, a German court ruled on Wednesday, dealing a blow to Russian gas giant Gazprom who sought to have EU rules waived for the controversial pipeline.

Under the EU Gas Directive, pipeline operators in the European Union must ensure fair competition by allowing access to third parties.

Nord Stream AG, the consortium behind the pipeline, has said that extending the EU directive to a pipeline from a third country (Russia) is discriminatory and that the revision of that Gas Directive from 2019 was specifically designed to delay or stop Nord Stream 2.

In a ruling on Wednesday, the Dusseldorf Higher Regional Court upheld a previous decision of a German regulator to impose the EU Gas Directive on Nord Stream 2.

Technically, the court’s decision would not prevent the start of the flow of gas—which Gazprom says will take place as early as this year—but the Russian-led pipeline owner may need to restructure and to hold auctions for third-party suppliers for the gas that would flow through Nord Stream 2.

“Nord Stream 2 AG maintains that the company is being unlawfully discriminated [against],” a spokesperson for the company told The Moscow Times.

“The rejection of Nord Stream 2 AG’s application for a derogation exposes the discriminating effect of the amended EU Gas Directive,” the spokesperson added.

“Nord Stream 2 AG company has taken note of the court ruling and will assess it. We will inform about future steps in due time,” a source in the company’s press service told Russian news agency TASS.

Just last week, Gazprom said that Nord Stream 2 might supply 5.6 billion cubic meters of gas to Europe this year. Nord Stream 2 AG told Reuters last Thursday that construction was 99 percent complete.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment
  • Mamdouh Salameh on August 25 2021 said:
    No matter how long the Nord Stream 2 saga lasts, the pipeline is unstoppable and it will be supplying some 5.8 billion metres of natural gas to Germany and the EU this year.

    Why this rule didn’t apply to Russia’s gas pipeline network which is totally owned by Russia and which has been supplying gas to the EU for more than 15 years. Nord Stream 2 is no different from the current Russian pipeline network.

    I would hazard a guess who is behind this move. Poland and the Baltic countries are known for their anti-Russia stance and are amenable to incitation by the United States.

    Dr Mamdouh G Salameh
    International Oil Economist
    Visiting Professor of Energy Economics at ESCP Europe Business School, London

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News