The Baltic Course: Gazprom wants to have exceptions for South and Nord Stream from EU energy package

Gazprom wants its two major projects – South Stream and Nord Stream – to be granted exceptions from the EU third energy package, seeking to retain control over their transportation capacity, informs rt.com.

A new version of an agreement on transnational energy transportation projects will be handed over to the European Commission on Friday during a Russia-EU summit on energy issues, Russia’s Energy Minister Aleksandr Novak said on Monday. The agreement should regulate South Stream and Nord Stream projects instead of the third energy package which is criticized in Russia, rtcom reports.

The main principle of the EU third energy package signed back in 2007 is equal access of all participants to infrastructure, which Gazprom is seeking to avoid. According to the document, a company supplying gas or electricity shouldn’t completely own the transportation pipelines, as it leads to artificial over-pricing.  MORE