Euro­pean gas ship­pers warn Nord Stream 2 talks could de­ter in­vest­ment

Tehran Times - - ENERGY -

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.

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