RSS   Newsletter   Contact   Advertise with us

Gazprom sues EU for loss of Nord Stream 2 capacity

Christian Fernsby ▼ | November 13, 2019
Nord Stream 2 AG, the Swiss subsidiary of the Russian company Gazprom, has taken the EU government to court regarding the gas legislation amendments that prohibit the Russian company from using more than 50% of the capacity of the Nord Stream 2 gas pipeline.
European businesses   Gazprom
As reported by Interfax, Gazprom informed potential investors about the start of the litigation through a memorandum on the placement of Swiss franc-denominated eurobonds that is scheduled to take place in mid November.

Topics: Gazprom Nord Stream

Gazprom believes that by amending the EU Gas Directive to make marine gas pipelines subject to the same regulations as land pipelines, especially the requirement that they cannot belong to the gas supply company, Brussels has contravened its obligations according to the Energy Charter Treaty.