Commission leaning towards Nord Stream 2 approval

14 марта

Commission leaning towards Nord Stream 2 approval

As the European Commission announced a settlement with Gazprom on Monday (13 March), officials told it was “highly likely” that the executive will approve the controversial Nord Stream 2 pipeline project.

Seen as one of the most political cases launched by the executive’s powerful competition policy department, the decision exonerated Gazprom from a fine that could have reached 10% of its annual turnover.

In return, the Russian state-owned monopoly accepted various commitments aimed at ensuring the free flow of gas across Europe at competitive prices, the EU’s Competition Commissioner Margrethe Vestager told reporters yesterday.

This decision was seen as part of a broader package that will determine EU-Russia energy relations and, more broadly, the future of EU energy policy.

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