Nord Stream 2 hits two more hurdles
Controversial Russian pipeline project suffers two more setbacks in its TPA exemption fight
May has not been kind to the backers of the Russia-Germany Nord Stream 2 gas pipeline in their efforts to escape obligations to offer non-discriminatory third-party access (TPA) under the EU’s revised Gas Directive. First, in mid-May, German energy regulator the Bundesnetzagentur rejected an application from Nord Stream 2’s Swiss holding company for a derogation from the directive for the section of the pipeline on German soil. Later in the month, the EU Court of Justice threw out the company’s bid to annul the revised directive altogether. Nord Stream 2 would double capacity on the existing Russia-Germany pipeline to 110bn m³/yr, enabling Russia’s Gazprom to ship more gas directly to wester
Also in this section
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy