Gazprom might be forced to sell off Nord Stream 2 to bring it into compliance with the EU gas directives.
According to Interfax-Ukraine quoting Frankfurter Allgemeine Zeitung, Gazprom might be forced the sell off the Nord Stream 2 pipeline, if it is to comply with the European Unions regulations.
“Nord Stream 2 had already tentatively submitted a request to the Federal Network Agency in June for “Certification as an independent transport operator. It is intended to comply with the separation order by promptly separating the operation of the pipeline from the parent company in terms of accounting as well.” Interfax-Ukraine quoted Frankfurte Allgemeine:
“The Network Agency has four months to check this as soon as all the necessary documents have been filed – so far this has not happened. In general, the Bonn agency is apparently willing to allow such a construction. From the point of view of participants in the Commission [European Commission), which deals with this topic, the prescriptions of the EU in this case will not be fulfilled anyway.”
Earlier this week, Ukraine Nu wrote that Gazprom would only be able to use half the capacity of the Nord Stream 2 pipeline because of a German court ruling against the Nord Stream 2 project on a matter of monopoly regulations.
As of now, the Russian energy giant Gazprom are the only ones who are to send gas through the Nord Stream 2 pipeline. By the looks of it, they will not be allowed to fully utilize this though, but the court decision is not necessarily final and might be overturned at a later state.
Ukraine and Russia have an agreement to 2024 that guarantees that Russia will transport a minimum of 40 billion cubic meters of gas through Ukraine each year. They are also required to pay Ukraine at least 7.2 billion USD until 2024.
“And now our main battlefield will be just around applying these European rules to all pipelines that combine Russia and Europe,” Yuriy Vitrenko, the head of Ukrainian Naftogaz posted on Facebook.