... opponents were expecting European companies to abandon the project in light of these circumstances. However, the Council of the European Union Legal Service
pointed out
that expanding the provisions of the Third Energy Package to include Nord Stream 2 was impossible, as it would go against international law.
If you can prove that Nord Stream ... ... mutually exclusive reasons why building Nord Stream 2 in impossible. The first reason is that the gas pipeline would lead to Gazprom having a majority stake in the European market – Russia would inflate prices and/or demand that the countries in Europe bend to its political will under the threat of cutting ...
Today, Russia remains the second largest gas producer after the US. However, its leverage ability ... ... the market (eg. ISIS’ expansion), as well as the overall strive to develop new energy sources in the view of global warming. That being said, a plummeted oil price... ... domestic projects, Russia’s current position is shaky. Governmental favoritism of Gazprom, who has a privileged position with regards to controlling export routes, striped...
... side, especially for the southern part. The main stumbling block is that the project did not – and does not – conform to the standards of the Third Energy Package ratified by the European Commission’s Agency for the Cooperation of Energy Regulators with regard to European Union and third party states. More specifically, the European side was not satisfied with Russia’s unwillingness to allow other suppliers to use the project’s infrastructure, and the fact that Gazprom would be the main operator. All this despite the fact that Brussels had no qualms about making such demands while offering no financing of its own whatsoever. Russia had teamed up with a number of private European investors to front around $15 ...
