World: France, Germany compromise on Russia's Nord Stream II gas pipeline - PressFrom - US
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WorldFrance, Germany compromise on Russia's Nord Stream II gas pipeline

13:51  08 february  2019
13:51  08 february  2019 Source:   msn.com

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France and Germany have struck a compromise allowing Berlin to remain the lead negotiator with Russia on the Nord Stream II gas pipeline to Europe, a proposed deal showed Friday. France had said it would support European Union oversight of new offshore energy pipelines in a move that

Nord Stream is an offshore natural gas pipeline from Vyborg in the Russian Federation to Greifswald in Germany that is owned and operated by Nord Stream AG

France, Germany compromise on Russia's Nord Stream II gas pipeline© Provided by AFP A compromise deal allows Germany to stay at the wheel of Nord Stream

France and Germany have struck a compromise allowing Berlin to remain the lead negotiator with Russia on the Nord Stream II gas pipeline to Europe, a proposed deal showed Friday.

France had said it would support European Union oversight of new offshore energy pipelines in a move that could have crippled the undersea pipeline plans between Russia and Germany.

But the two EU countries have now agreed to ensure oversight will come from the "territory and territorial sea of the member state where the first interconnection point is located," according to a copy of the draft obtained by AFP.

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The Nord Stream 2 pipeline has split European nations, with some saying it increases Europe' s dependence on Russia and poses national security threats. Germany relied on Russia for 50 percent to 75 percent of its natural gas imports in 2017.

France and Germany have struck a compromise agreement on regulations concerning the Nord Stream 2 pipeline , according to a draft obtained by AFP. The agreement empowers Berlin as the key negotiator with Russia on the pipeline project and guarantees that any rules will be applied by the

Work has already started on the pipeline from Russia under the Baltic Sea to the end-point in Griefswald, Germany.

The draft text replaces the older wording stating the EU rules on gas imports will be applied by "the territory of the member states" and or the "territorial sea of the member states".

The draft compromise was submitted to a meeting of the EU ambassadors discussing a revision of gas market rules for the 28-nation bloc, diplomats said.

Nord Stream 2 faces opposition from many countries in eastern and central Europe, the United States and particularly Ukraine because it risks increasing Europe's dependence on Russian natural gas.

Combined with the planned TurkStream pipeline across the Black Sea, Nord Stream 2 would mean Russia could also bypass Ukraine in providing gas to Europe, robbing Moscow's new foe of transit fees and a major strategic asset.

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The billion Nord Stream 2 pipeline is set to deliver Russian natural gas to European consumers. The pipeline is set to run from Russia to Germany under the Baltic Sea and is expected to double the existing pipeline ’ s capacity to 110 billion cubic meters. The pipeline , controlled by a subsidiary of

What is it for: Nord Stream 2 is a gas pipeline that would allow Germany to effectively double the amount of gas it imports from Russia . Moreover, with Russia having means to directly deliver gas to its most important buyer, Germany , it would be much easier for the Russian government to shut off

The draft compromise addressed the concerns saying: "We consider a (gas rules) directive in this spirit indispensable for a fruitful discussion on the future gas transit through Ukraine."

France, Germany compromise on Russia's Nord Stream II gas pipeline© Provided by AFP The pipeline would allow Russia to bypass Ukraine with its gas deliveries

A French diplomatic source had told AFP on Thursday Paris was "not for or against Nord Stream 2".

But the source said France sought "guarantees for the security of Europe and for the security and stability of Ukraine".

German Chancellor Angela Merkel has so far insisted that the pipeline is a "purely economic project" that will ensure cheaper, more reliable gas supplies.

Construction has already begun, involving companies such as Germany's Wintershall and Uniper, Dutch-British Shell, France's Engie and Austria's OMV.

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