Nord Stream 2 hits two more hurdles
Controversial Russian pipeline project suffers two more setbacks in its TPA exemption fight
May has not been kind to the backers of the Russia-Germany Nord Stream 2 gas pipeline in their efforts to escape obligations to offer non-discriminatory third-party access (TPA) under the EU’s revised Gas Directive. First, in mid-May, German energy regulator the Bundesnetzagentur rejected an application from Nord Stream 2’s Swiss holding company for a derogation from the directive for the section of the pipeline on German soil. Later in the month, the EU Court of Justice threw out the company’s bid to annul the revised directive altogether. Nord Stream 2 would double capacity on the existing Russia-Germany pipeline to 110bn m³/yr, enabling Russia’s Gazprom to ship more gas directly to wester
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
