Toronto, Canada – The Russian majority-owned company behind the Nord Stream 2 natural gas pipeline, Nord Stream 2 AG, has resumed efforts to convince an international tribunal that the European Union’s amendments to natural gas market regulations were solely aimed at complicating the pipeline project.
In a brief filed on February 27 and made public on Friday, Nord Stream 2 AG argued that the regulatory changes, which ostensibly aim to prevent market distortion, were actually designed to discriminate against the Nord Stream pipeline. The company claimed that the amendments adversely impact the pipeline project without serving any genuine public policy purpose.
“It adversely impacts claimant without practically serving any public policy ground … Claimant is not aware of any other case where the EU legislator has adopted a seemingly neutrally worded directive with the sole objective of complicating or preventing a single investment project,” the brief stated. “To pretend that the objective of the amending directive is something else is fanciful. No court or tribunal can accept such a fiction.”
