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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.
2 days ago
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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,...
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