×
×
Policy & Regulation

All eyes on the ECT as Nord Stream 2 lawsuit looms

The Switzerland-based Nord Stream 2 holding company is expected to take legal action against the EU over its revised Gas Directive, which will be a big test for the Energy Charter Treaty and its interpretation The Switzerland-based Nord Stream 2 holding company is expected to take legal action against the EU over its revised Gas Directive, which will be a big test for the Energy Charter Treaty and its interpretation.
By Andreas Walstad 26 April 2019 Europe & Russia / Policy & Regulation 0 34171
Offshore work being carried out for Nord Stream 2. (Gazprom)

Nord Stream 2’s Switzerland-based holding company is considering taking legal action under the Energy Charter Treaty (ECT) unless it secures derogations from the revised EU Gas Directive, a letter sent by the pipeline developer to European Commission President Jean-Claude Juncker has revealed. This would be the first legal action taken against the EU under the treaty.

The letter – dated 12 April but leaked to the press this week – specifically mentions articles 10 and 13 of the ECT,...