• English posts

    EU Gas Directive Approval Could Delay Russian-Led Nord Stream 2 Pipeline

    The EU Council approved a European gas directive on April 15 that is expected to delay commissioning of the Nord Stream 2 gas pipeline – and potentially leave it half empty. By extending EU rules to non-EU pipelines — particularly those outside EU territory —  the directive will force Gazprom to “unbundle” or hand over operation of the line to a company independent of Russia’s state gas producer. However, Gazprom maintains a jealously guarded monopoly over gas exports from Russia and will be very reluctant to share the right to export with anyone. Currently, the only other entity allowed to export gas is privately owned Novatek, which is limited to…