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Nord Stream 2 not of common interest – EU’s Vestager

14 March 2017
Consumers
energynomics

The Nord Stream 2 gas pipeline which aims to bring Russian gas to Germany under the Baltic Sea is not a “project of common interest” to the EU, the European Union’s competition commissioner Margrethe Vestager said on Monday.

Gazprom delivers gas to Germany through a series of pipes placed in the Baltic Sea, called Nord Stream. In 2015, Gazprom and a group of European companies, namely E.ON, Wintershall, Shell, OMV and Engi, signed an agreement for Nord Stream 2 project, which involves the construction of two pipelines besides the two already existing, so its ability to transport that would double, to 110 billion cubic meters per year.

“On the legal side of things, it has become very clear that the Commission does not find that the Nord Stream 2 project will be a project of common interest,” EU Competition Commissioner Margrethe Vestager told a news conference in Brussels, according to Reuters.

She was repeating the Commission’s view that the project does not serve the EU’s efforts to reform the energy market in the bloc and reduce dependence on Russian gas. However, the executive has so far resisted attempts by some national governments which opposed the scheme to take a firm position on the legality of the pipeline under European law.

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