A PYMNTS Company

Gazprom Sues Germany Over Nord Stream 2 Decision

By  |  June 22, 2020

Gazprom has announced it will take Germany to court over a decision not to exempt the Russian company’s controversial gas pipeline from EU regulations governing energy markets, reported The Guardian. 

The pipeline, Nord Stream 2, is an US$11 billion subsea link that aims to double the delivery of Russian natural gas to Europe’s biggest economy.

However, the project has been buffeted by setbacks, including the introduction of US sanctions last December by President Donald Trump.

Now, the Swiss subsidiary of Gazprom that is behind the project has criticized the decision by Germany’s energy watchdog not to waive the regulations as “discriminatory” and opposed to the “constitutional guarantees of the Basic Law.”

Full Content: Telegraph

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.