OMV Chief Rules Out EU Gas Import Rules To Raise Price Tag For Nord Stream 2

Mohammad Ali (@ChaudhryMAli88) Published February 18, 2019 | 11:39 PM

A change in EU gas import rules will not delay or raise the cost of the Nord Stream 2 pipeline, the chief executive of Austria's OMV, which has a stake in the project, said in an interview out Monday

MOSCOW (UrduPoint News / Sputnik - 18th February, 2019) A change in EU gas import rules will not delay or raise the cost of the Nord Stream 2 pipeline, the chief executive of Austria's OMV, which has a stake in the project, said in an interview out Monday.

Rainer Seele said speculations about the project's higher price were "nonsense," according to the German newspaper Frankfurter Allgemeine.

He emphasized that Germany had lawfully granted a permit to extend the nearly 746-mile-long natural gas pipeline into its territory and would not have the project torpedoed months before it is completed.

The European Commission announced last week a provisional deal to amend the bloc's rules governing the internal gas market to apply them to pipelines from other countries. This includes making sure that a gas producer is not also the pipeline's majority owner.