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Nord Stream loses case to exempt Nord Stream 2 from EU directives

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Nord Stream loses case to exempt Nord Stream 2 from EU directives

The Swiss company Nord Stream AG on Wednesday lost in court the case on the exemption of the Nord Stream 2 gas pipeline from the requirements of the EU Gas Directive. About this reported by Bloomberg.

In particular, we are talking about the rules that imply the separation of activities for the production and transportation of gas. According to the document, the producing company cannot simultaneously own the pipeline through which its gas is delivered.

Nord Stream AG took note of the decision of the FRG court not to exempt Nord Stream 2 from the provisions of the EU Gas Directive, and will evaluate it, the company said.

Nord Stream AG is a Swiss company established to operate the Nord Stream gas pipeline. The headquarters is located in Zug. Founded in 2005. Previously named North European Gas Pipeline Company, it was renamed in October 2006.

Five shareholders of the Nord Stream consortium are Gazprom Mezhdunarodnye Proekt (a subsidiary of PJSC Gazprom), Wintershall Dea GmbH (formerly Wintershall Holding GmbH), PEG Infrastruktur AG (a subsidiary of PEGI /E.ON), NV Nederlandse Gasunie and ENGIE. OOO Gazprom international projects owns 51% of the company's shares.

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