Published: Sun, February 10, 2019
Global News | By Blake Casey

The EU reached agreement on the "Nord stream-2"

The EU reached agreement on the

Work is continuing with our partners, especially Germany, on the amendments that could be made to this text. The total cost of the project has been estimated at 9.5 bln euro.

The compromise reached on Friday, which is not legally binding until it is approved by the European Parliament, was backed by every member state except Bulgaria.

Merkel has so far insisted that the pipeline is a "purely economic project" that will ensure cheaper, more reliable gas supplies.

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The Kremlin's spokesman Dmitry Peskov said Russian Federation meant to keep working on the project and that the pipeline was the most secure way to deliver gas to Europe.

Representatives of the EU's 28 nations endorsed a last ditch German and French proposal to amend some of the language of the new rules on how to regulate the pipeline project.

Kay-Olaf Lang from the German Institute for worldwide and Security Affairs, Warsaw, told Germany's Deutsche Welle that the pipeline represented "German disloyalty towards its eastern neighbour, and of a special relationship with Russian Federation".

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Köchling added: "The truth is that drinking too much of any alcoholic drink is likely to result in a hangover". One group drank around two and a half pints of lager, followed by four large glasses of white wine .

Although Russia accounts for 30 percent of gas imports to Europe, natural gas makes up less than 10 percent of the bloc's overall energy mix. It is believed that the amendments in question mainly target the Russian pipeline project Nord Stream 2. Under the compromise agreement, Germany will itself be able to determine the rules under which Nord Stream 2 will operate. The 1,200-kilometer (750-mile) undersea pipeline - being constructed by Russia's Gazprom PJSC to bolster German supplies as Norwegian, Dutch and domestic sources dry up - has been pilloried by some of its neighbors and the USA administration.

Germany has always been one of the main supporters of the Nord Stream 2 pipeline and resisted attempts to change the European Union rules. President Donald Trump's administration has been pushing against it.

The gas pipeline will link Russian Federation directly with Germany and will be the second gas pipeline connecting Russian Federation with Europe crossing the Baltics.

"There is no French-German crisis", the spokesman added.

By launching debates on North Stream 2, the Romanian presidency of the European Union puts the project under the EU's single market mechanisms, a scenario Germany wants to prevent.

On the other side, Poland, Lithuania, Latvia and Estonia strongly oppose Nord Stream 2, mostly for geopolitical reasons. Merkel earlier on Thursday reiterated her support for the pipeline. France's European Affairs Ministry has not commented on the issue.

Röttgen said that the German government's policy "has been one-sided for years, and not taken opposition to the plan by the majority of EU states, nor the security concerns of our eastern European neighbors, into consideration".

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