EU figures out how to circumvent restrictions on Nord Stream 2

A conglomerate of companies in Europe may become the owner of Nord Stream-2

EU figures out how to circumvent restrictions on Nord Stream 2

In order to comply with the gas directive of the European Union, the European partners of the pipeline may become the owners of Nord Stream 2, analyst Daniel Czyzewski told Polskie Radio.

In his opinion, the financing of the project by Royal Dutch Shell, OMV, Engie, Uniper and Wintershall could give some room for manoeuvre.

“Ultimately, the owner of Nord Stream 2″ may become a conglomerate of European Union companies, which are already participating in the project, and then everything will be in line with the gas directive”, –  Czyzewski said.

At the same time, the Polish radio interlocutor called such a scenario an “extreme option”.

“Gazprom still expects that the last instance in the face of the German Constitutional Court in Karlsruhe will agree to remove Nord Stream 2″ from the jurisdiction of the EU law”, – concluded the analyst.

Chizhevsky recalled that the opponents of the Russian project will no longer be able to prevent the opening of the pipeline.

“Gazprom” in September announced the completion of Nord Stream 2. The certification of the pipeline operator has been underway since June. Company head Alexei Miller has spoken of plans to start supplies as early as this heating season and export around 5.6 billion cubic metres of gas through the pipeline by the end of the year.

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