Belgium: New EU regulation hits at Russian Nord-Stream 2 pipeline

Vice President of the European Commission Maros Sefcovic discussed new regulations that would introduce common jurisdiction for all gas pipelines entering the European Union, during a press conference at the European Commission in Brussels, Wednesday. According to Sefcovic, the new amendment aims to «provide much needed clarity and legal certainty» given «recently differing legal opinions» and... Еще is expected to be adopted by EU in a «fast-track procedure.» The proposal was introduced amid growing criticism of Europe's dependence on Russian gas and is believed to significantly complicate construction of Russia's Nord Stream 2 pipeline in the region. If it goes through, the Nord Stream-2 project will reportedly deliver 55 billion cubic meters of Russian natural gas to the EU annually, bypassing Ukraine, Poland, and the Baltic nations. Sefcovic also said that European Union needs to be more competitive in delivering on its commitments under the Paris Agreement. He urged for a faster transition to low and zero-emission vehicles making an example of manufacturers in China who aim to sell 4,5 million of electric cars annually. «The European industry should take this proposal as a signal to catch up, to accelerate and to innovate at much faster pace than until today,» he concluded.

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