The Federal grid Agency of Germany plans to reject an application to exempt the “Nord stream-2” pipeline construction project from the requirements of the updated EU gas directive. This is reported by the newspaper Handelsblatt.
According to the publication, the reason for refusal is a failure to complete the construction of the gas pipeline. The regulator sent the draft decision to the parties involved in the process and accepts comments from interested parties until May 8. The final decision will be made after May 8.
Later, Nord Stream 2 AG, the operator of “Nord stream 2,” told that it disagreed with Agency’s position. The company decided to wait for the official decision of the German regulator, and based on it; take further actions to protect their rights.
Russia tried to complete the construction of the “Nord stream-2” in 2019. Due to the position of Denmark, which for a long time, did not permit to work in its waters, it was not possible to meet the deadlines. Gazprom intends to complete the pipeline in late 2020 or early 2021. The main problem was the threat of the US to impose sanctions against any company that will contribute to the construction. Swiss contractor Allseas immediately stopped work. The Gazprom-owned pipe-laying company Akademik Chersky is currently located in the North sea, but it is still unknown whether it will be engaged in the work.
The day before, Poland announced that it could start seizing the assets of the pipeline construction operator Nord Stream 2 AG. Such a decision will be made if Russia refuses to repay the debt of $ 1.5 billion that arose after the conclusion of the Stockholm arbitration.