The Russian company Nord Stream 2 suffered a resounding defeat in the EU Court
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Wed, 27 Nov 2024 14:11:06 +0200
What is important to know about EU decisionsJournalists pay attention to what is being said about the decision of the official Brussels, which was adopted 5 years later.According to it, amendments to the socalled gas directive were adopted, which aimed to guarantee the identical application of the rules to gas transport pipelines connecting two or more member states and pipelines from third countries.What is important to understand, in particular, these rules provided for the separation of transportation systems from production and supply systems, as well as thirdparty access to transportation systems.
However, in the case of pipelines between an EU Member State and a third country, the construction of which was completed before the date of entry into force of the changes, namely 23 May 2019, the directive provided for the possibility of derogating from the rules by the EU Member State where the first connection point of such pipeline with the network of this member state.
What is known about another failure of Nord Stream 2A subsidiary of the Russian monopolist Gazprom appealed the changes to the EU Court of Justice, which dismissed the claim as inadmissible in a ruling dated May 20, 2020.Subsequently, it became known that Nord Stream 2 AG filed an appeal to the Court of Justice of the EU.As recently as 2 years ago, the Court of Justice ruled that the lawsuit filed by Nord Stream 2 AG was partially admissible.
Against the background of this decision, the case was returned to the Court of General Jurisdiction for a decision on the merits of the claim, which rejected Nord Stream 2 AGs claim in a new decision.
The court explains that Nord Stream 2 AG continued to invest in its pipeline during a period when it had no certainty that EU law would no longer apply to its pipeline.
In addition, it is emphasized that the fact that the Russian company could not take advantage of this concession did not prevent it from operating the Nord Stream2 gas pipeline and getting a proper return on its investment.
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