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EU commissioner: Nord Stream 2 not a project of common interest

BRUSSELS (Reuters) -- 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 said on Monday.

Nord Streams Map Small
Courtesy of Gazprom.

"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.

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.

Reporting by Alissa de Carbonnel, editing by Robert-Jan Bartunek


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FEATURED COLUMNS

Editorial comment
-Adrienne Blume
Large-scale production of shale gas in the US, which began around the turn of the century, is now feeding US exports in the form of LNG.
Regional focus
-Eugene Gerden
Annual demand for natural gas in the EU is pegged at approximately 380 Bm3y–450 Bm3y. A portion of this demand is met by regional production within the EU. However, the European energy system is beset by challenges that are impacting EU gas supply.


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