European gas shippers warn Nord Stream 2 talks could deter investment
Six European gas transmission operators have warned the European Commission that talks with Russia over the Nord Stream 2 gas pipeline project could create legal uncertainty for future pipeline projects and put infrastructure investments at risk.
The Commission this month asked the EU’s 28 governments to give it the authority to negotiate with Russia to ensure EU laws are respected in building Nord Stream 2, a project which has divided member states.
The new pipeline, which will have capacity to pump 55 billion cubic meters of gas a year to a terminal in Germany, is expected to start operating in 2019.
Six companies - Austria’s Gas Connect, Czech Republic’s NET4Gas and Germany’s Fluxys, ONTRAS, Gascade and Gasunie - said the negotiations with Russia could “trigger considerable adverse effects”, in a letter to European Commission President Jean-Claude Junker seen by Reuters.