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Nord Stream etc

dspp
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Nord Stream etc

#250954

Postby dspp » September 11th, 2019, 10:25 am

Europe's top court overrules a European Commission decision that allowed Russia's Gazprom (OTCPK:OGZPY) to ship more gas through the Opal gas pipeline, which links its Nord Stream pipeline to Germany.

The ruling by the European Union Court of Justice is a victory for Poland and other eastern European nations, which have fought Gazprom's plans to double Nord Stream's capacity and bypass legacy gas routes through Ukraine and Poland, stripping them of lucrative transit fees.

The ruling means Gazprom's access reverts to the conditions before the EC decision, limiting it to 12.8B cm/year of the 36.5B cm/year capacity Opal line; the previous EC decision had allowed Gazprom to bid for up to 12.8B cm/year of extra capacity.


https://seekingalpha.com/news/3498300-g ... email_link

"The deputy head of PGNiG said the ECJ’s decision would prevent Gazprom from completely halting transit via Ukraine, which Kiev fears as its gas-transit contract expires in January.

“Ukraine’s negotiating position will improve significantly,” PGNiG Chief Executive Piotr Wozniak told reporters.

He said gas volumes being sent through Ukraine would increase by at least 12.5 billion cubic meters, and flows through Nord Stream and Opal should soon fall by a similar amount."


"The ECJ ruled on Tuesday that the 2016 decision is “in breach of the principle of energy solidarity” because it failed to properly assess how to balance Germany’s interests against the negative impacts to other EU member states."

https://www.reuters.com/article/us-pgni ... SKCN1VV0TH

good decision imho, dspp

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