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The Nord Stream-2 gas pipeline can turn into an” investment ruin “if it does not comply with European legislation, said Reinhard Butikofer, a member of the European Parliament from the Green faction, DPA reports. He stressed that even if the German regulator approves the launch of the pipeline, the European Commission will be able to stop it.
Butikofer stressed that within the framework of EU legislation, anbandling must be observed – the separation of the activities of the operator of the gas transmission system from gas production and supply. This is not yet available within the framework of the Nord Stream-2.
In addition, according to the legislation, Gazprom must grant the right to pump gas into the pipeline to a third party, but this is also not provided.
And, finally, it is unknown when the project will be certified by the German authorities.
Butikofer concluded that if the decision of the German regulator contradicts the decision of the European Commission, then Nord Stream-2 will turn into an”investment ruin”.