German regulator refuses to exempt Nord Stream 2 from EU Gas Directive
The agency noted that the necessary condition for removing the pipeline from the rules of the updated Gas Directive was its implementation before May 23, 2019, which Nord Stream 2 AG fell short of
BERLIN, May 15. /TASS/. The Federal Network Agency of Germany refused Nord Stream 2 AG in withdrawing the Nord Stream 2 project from the rules of the updated EU Gas Directive, the regulator said on Friday.
"The Bundesnetzagentur has today rejected the application of Nord Stream 2 AG for derogation from regulation for the section of the Nord Stream 2 pipeline located in German territory," the statement said.
The agency noted that the necessary condition for removing the pipeline from the rules of the updated Gas Directive was its implementation before May 23, 2019. "Since the Nord Stream 2 pipeline had not been fully laid by 23 May 2019, the Bundesnetzagentur has rejected the application for derogation made by Nord Stream 2 AG. When it is put into operation, therefore, Nord Stream 2 will be subject to German regulatory requirements and European rules on unbundling, network access and cost regulation," the report said.