Germany prepares to circumvent Nord Stream 2 restrictions

German policy traditionally exhibit rare ingenuity and unanimity in matters relating to the protection of investments made by companies from Germany.

The Nord Stream-2 gas pipeline project was not an exception, in which German companies invested a rather impressive amount of 2 billion euros.

According to the German daily Bild, the ruling coalition has introduced a bill to the Bundestag, which will offset the effect of the EU Gas Directive, amended this year, that is, it will remove the restrictions on the gas pipeline imposed by this directive.

Such a step will protect the investments of German investors.

The essence of the bill is that according to changes in the Gas Directive, restrictions are imposed on projects completed after May 23, 2019, and German parliamentarians are going to tie to this deadline not the completion of construction, but the investment that was made in the project before May 2019 of the year.

Despite the fact that the vote on this bill, scheduled for this week, has not yet taken place, it is easy to assume that it will be adopted.

It should be noted that after Denmark gave permission to lay pipes in its waters, the adoption of this bill will be another click on the nose, which will receive the leadership of the Ukrainian Naftogaz, which, as we wrote earlier, it increased the amount of claims against Gazprom to an absolutely fantastic figure.
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  1. Pishenkov Offline Pishenkov
    Pishenkov (Alexey) 7 November 2019 11: 17
    ... Germans are people, first of all, prudent and logical. And there is logic in everything: these (huge) investments were made by the project participants under certain existing and legislatively fixed conditions. One of the pillars on which the development of the EU itself rests, the Europeans themselves declare transparency, stability and continuity of the legislative base they adopt and use. And here, already in the process of developing investments and implementing the largest investment project, we took and changed the corresponding legislative base, which had a significant impact on the effectiveness of the investments themselves. Moreover, legislative changes are not force majeure, sanctions, etc., this is a process that should ensure the continuity of earlier decisions and their practical actions, which in this case was violated. Therefore, it is quite fair to demand the binding and extension of the new EU legislative acts only to projects that arise and go through the approval process after they are put into effect.
    I think that these requirements have every chance of success - having produced many different complex and, quite often, even contradicting legislative acts, the EU nomenclature "dug this hole" for itself - this is like option # 1. As option number 2 - all this was simply calculated and prepared by the Germans in advance, so that the project itself could be implemented at all, which is also possible. And now it is already possible to "wrestle" with Ukraine, the United States, Poland and others who tried to "stick a spoke in their wheels" ...
  2. Whiskey's organs is delta (Long_Shot) 7 November 2019 12: 47
    No, that doesn't work like that. The SP-2 project is international, or rather, its participants are EU countries in whose territorial waters a pipe stretches (remember Denmark, for example), which means that any decision by Germany will have to go through the approval of the European Commission, and there, as you know, the representatives are initially sitting objected to the Gazprom project: Poland, Slovakia, Italy, the Baltic states. It should be remembered that the same commission (at the request of Poland) limited Gazprom’s right to monopoly gas through the German OPAL gas pipeline, which was launched already in 2011.
    1. Pishenkov Offline Pishenkov
      Pishenkov (Alexey) 7 November 2019 14: 16
      ... Well, see how it works. More precisely, what real weight does Germany have in the EU and its word ... As for the participants, this is not entirely true - the joint venture passes through the territory of some countries, but those who have no sea at all - Switzerland and Austria, eg.
      About Poland, the Baltic states and Opal, which was originally intended primarily for a joint venture, everything becomes clear if you look at the map where and how it goes: they need it to connect their LNG terminals, otherwise there was no point in building them in the Baltic, since no one will undertake to stretch something like Opal specifically for LNG in the foreseeable future, and without this, the Polish and Lithuanian LNG terminals are simply unprofitable, to put it mildly ... And Slovakia and Italy have their own selfish interests in this, they just need more to do this same Russian gas went south, through Turkish stream ie + they also were interested in the Ukrainian transit, although in the light of recent events, and if Gazprom will offer them an acceptable alternative, it is also the issue solved. All of Northern Europe about Ukraine already speaks only for the sake of preserving the face in the political sphere, economically they have long written off this ...
  3. gorenina91 Offline gorenina91
    gorenina91 (Irina) 8 November 2019 06: 16
    The Nord Stream-2 gas pipeline project was not an exception, in which German companies invested a rather impressive amount of 2 billion euros.

    And Russia is something to enjoy here ??? -Because Russia allegedly in the person of Germany acquired a powerful ally ... ???
    - Nothing like that ...
    - A pragmatic rational Germany makes it clear and clear that it has invested its funds (funds of its taxpayers) and should receive these funds back and by any means ... + gas supplied by Russia ... -That's all ...
    And given that even the weak Dill in gas controversial issues spoiled Russia so much blood and continues to spoil, then a powerful and influential Germany will easily push all its invested funds back ...- Will it push anyone ??? - Yes, of course, for Russia (for Russian taxpayers) ...
    - And looking at this, following her and all the "West European mongrels" who somehow indirectly and insignificantly were involved in the construction of the SP-2 ... will also "follow the example of Germany" ... and begin to present their personal "demands to Russia and benefits "in the supply of Russian gas to them ... -And all the" European courts "will help them ... -That's the way ... and not otherwise ... -I have already written enough about" traps and traps ".. ., which gets stupid Gazprom ...
    So ... as soon as the SP-2 starts up, the interests of Germany (and the entire EU) ...- immediately "diverge in different directions" ...- this is where the whole "friendship" ends ...- And on All and sundry will begin to crush Russia ...
    - And what Ukropiya did in gas affairs .., for Russia seems childish pranks ...
    - And I already wrote that as if Russia itself would not have to return to gas transit through the territory of Ukropia and renew all gas agreements with Ukropia again ... -You need to insure yourself somehow ...
    - And anyway ... - as soon as Zap. Europe and the United States will "abandon" Dill, then Russia and Ukraine will still have to renew all "previous relations" ...