06:59 GMT +322 April 2019
Listen Live
    A handout by Nord Stream 2 claims to show the first pipes for the Nord Stream 2 project at a plant of OMK, which is one of the three pipe suppliers selected by Nord Stream 2 AG, in Vyksa, Russia, in this undated photo provided to Reuters on March 23, 2017

    German Minister: EU Ruling on Nord Stream 2 Sends 'Powerful Signal' to Critics

    © REUTERS / Nord Stream 2
    Business
    Get short URL
    6520

    The remarks come after France and Germany clinched a compromise on Friday on regulations related to the Nord Stream 2 pipeline which specifically stipulates that Berlin will itself be able to determine the rules under which the project will operate.

    In an interview with Welt am Sonntag newspaper, German Economy and Trade Minister Peter Altmaier described the EU's new directive on the Nord Stream 2 gas pipeline as a "powerful signal" for those who have criticised the project.

    "Firstly, each country has the right to freely maintain those economic and trade relations that it considers correct. Nord Stream 2 is first of all a private project which has already been approved by many countries," Altmaier underscored.

    READ MORE: Attempts to Hamper Nord Stream 2, Force Gas Exports Via Ukraine to Fail — Moscow

    Touching upon criticism from US President Donald Trump, who pointed out Germany's dependence on Russia in the energy sector, Altmaier assured that Berlin "will never succumb to blackmail".

    His interview came after German Chancellor Angela Merkel announced that France and Germany had clinched a compromise agreement on regulations concerning Nord Stream 2 which specifically empowers Berlin as the key negotiator with Russia on the pipeline project.

    The accord also guarantees that any rules will be applied by the "territory and territorial sea of the member state where the first interconnection point is located". This point is located on German territory.

    READ MORE: German Media Slams Ex-Chancellor Schroeder Over Nord Stream 2's 'Inevitability'

    The agreement was reached after France contravened Germany and decided to back the new regulations ahead of a vote on amendments to the Gas Directive that would let the European Commission gain leverage over the Nord Stream 2 project.

    Merkel, for her part, had previously refuted claims that Nord Stream 2 would make Berlin dependent on Russia, insisting that it will not be the case if Germany diversifies its energy suppliers. She also slammed proposed changes to the European Gas Directive that Moscow sees as aimed at disrupting the project.

    The Nord Stream 2 is a joint venture between the Russian company Gazprom, Engie of France, OMV of Austria, the Anglo-Dutch company Royal Dutch Shell, and the Germany companies Uniper and Wintershall. It aims to deliver 55 billion cubic metres of Russian natural gas per year to the European Union via the Baltic Sea, bypassing Ukraine.

    Related:

    Nord Stream 2 AG Applies for Permit in Germany to Build Gas Pipeline
    German SPD Condemns 'Dangerous' US Nord Stream 2 Sanctions 'Directed at Germany'
    Nord Stream 2: Why US, Germany Likely to Turn Their Backs on Ukraine
    Nord Stream 2 AG Receives All Permits From Germany for Construction of Pipeline
    Tags:
    project, gas pipeline, regulations, agreement, Nord Stream 2, Peter Altmaier, Angela Merkel, Germany, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik