European Union

Nord Stream 2: Preparing for the Bait & Switch

One should not interpret recent media reports to the effect that the Nord Stream 2 project is in peril. The German energy regulator the Bundesnetzagentur (BNetzA) it is reported may not grant Nord Stream 2 a derogation from EU energy liberalisation regime, contained in the gas directive 2009. Such a failure to obtain a derogation from the BNetzA, even if that is its final decision, is likely to prove far from fatal to Nord Stream 2.

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