Merkel: No need for EU mandate to negotiate Nord Stream 2
BERLIN (Reuters) — German Chancellor Angela Merkel said on Thursday she saw no need for a separate mandate for the European Commission to negotiate with Russia over its objection to the divisive Nord Stream 2 pipeline project to pump more Russian gas to Europe.
"I think some legal questions need to be clarified in relation to Nord Stream 2," Merkel told a news conference with Estonian Prime Minister Juri Ratas. "Otherwise it is an economic project and I don't think we need an extra mandate for it."
Eastern European and Baltic countries say a new pipeline carrying Russian gas across the Baltic will make the EU a hostage to Moscow, while those in northern Europe -- especially main beneficiary Germany -- see the economic benefits.
Uncertainty remains over the project's final approval as the European Commission is politically opposed to the project and has argued that it falls foul of EU gas market liberalization rules.
EU nations are deliberating on whether to give the European Union a mandate to negotiate with Russia.
Reporting by Joseph Nasr; Editing by Michelle Martin
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The US East Coast will send out its first LNG exports in early 2018 as Dominion Energy’s Cove Point LNG export facility in Lusby, Maryland becomes operational.
The New LNG Imperative
The shale gas boom established the US as the world’s leading natural gas producer and is responsible for billions of dollars of investments in the US gas processing industry. Since 2012, the US has witnessed unprecedented growth in new gas processing capacity and infrastructure. This rise is due to greater production of domestic shale gas, which is providing cheap, available feedstock to fuel the domestic gas processing, LNG and petrochemical industries. New gas processing projects include the construction of billions of cubic feet per day of new cryogenic and gas processing capacity, NGL fractionators, multi-billion-dollar pipeline infrastructure projects, and the development of millions of tons per year of new LNG export terminal construction. Attend this webcast to hear from Lee Nichols, Editor/Associate Publisher, Hydrocarbon Processing, Scott Allgood, Director-Data Services, Energy Web Atlas and Peregrine Bush, Senior Cartographic Editor, Petroleum Economist as they discuss the future of LNG and the application of Energy Web Atlas, a web-based GIS platform which allows users to track real-time information for every LNG project.
November 29, 2017 10am CST
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