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German Court Applies EU Competition Rules to Nord Stream 2 -Reuters

--The Dusseldorf Higher Regional Court said Wednesday that European Union rules--which require the owners of pipelines to be different from the suppliers of the gas that flows within them--will apply to the Nord Stream 2 gas pipeline, Reuters reports.

--Operators of the $11 billion project backed by Gazprom PJSC to carry gas from Russia to Germany under the Baltic Sea had argued the rules were discriminatory, according to Reuters.

--The rules will cost the project additional time and money but won't stop its completion, Reuters reports.

 

Full story: https://reut.rs/3B5lLEo

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

August 25, 2021 06:16 ET (10:16 GMT)

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