With falling demand, one thing making gas more expensive is public funding for pipelines. But building capacity with private finance is unwelcome if it is Russian.
In his March appearance at Columbia University’s Center on Global Energy Policy, Maros Sefcovic, a vice-president of the European Commission in charge of the Energy Union, gave an overview of changes wrought by the European energy transition.
But guests and participants had numerous questions about the controversial Nord Stream 2 (NS 2) pipeline project.
Regarding the legal concerns, he said every part of NS 2 built onshore within the EU would have to comply fully with European law: unbundling, transparent management, capacity allocation, third party access – “everything that every single pipeline operator must respect today,” he said.
As to how the Third Energy Package applies to offshore sections of NS 2, Sefcovic said there had been extensive discussions from which various opinions had emerged. “But the legal service says it’s very difficult to enforce the Third Energy Package on the offshore pipeline if you don’t have active cooperation.”