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Thread: EU Can’t Extend Gas Market Regulation To Nord Stream 2

  1. #1

    EU Can’t Extend Gas Market Regulation To Nord Stream 2

    A legal opinion by the Council of the European Union has rejected a proposal by the European Commission to extend EU-wide gas rules to offshore pipelines, dealing a blow to the Commission’s effort to regulate Gazprom’s Nord Stream 2 pipeline.
    According to an opinion of the legal service of the Council of the European Union—the body where EU ministers meet—seen by Reuters, extending the EU gas rules to offshore pipelines such as Nord Stream 2 would violate the United Nations Convention on the Law of the Sea.

    More at: https://oilprice.com/Latest-Energy-N...-Stream-2.html
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

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  3. #2
    German Chancellor Angela Merkel said a new Russian natural-gas pipeline is impossible if it leaves Ukraine empty-handed, shifting her rhetoric on a project criticized by President Donald Trump.
    Merkel said political considerations must play a role on Nord Stream 2, which would double an existing pipeline’s capacity to almost 30 percent of European Union demand. In the past, she has portrayed Nord Stream primarily as a business venture driven by private investors.
    “I made it very clear that a project such as Nord Stream 2 is in our view not possible without clarity on how Ukrainian transit will proceed,” Merkel said Tuesday in Berlin alongside Ukrainian President Petro Poroshenko. “This isn’t only about an economic project. There are political factors to be considered.”

    More at: https://www.bloomberg.com/news/artic...ine&yptr=yahoo
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment



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