Rules to regulate Nord Stream 2 pipeline

Published February 9, 2019
In this May 15, 2018 file photo, floating excavators prepare an underwater trench for the North Stream 2 pipeline close to Lubmin, Germany.—Reuters
In this May 15, 2018 file photo, floating excavators prepare an underwater trench for the North Stream 2 pipeline close to Lubmin, Germany.—Reuters

BRUSSELS: Euro­pean Union nations backed a plan to regulate Russia’s Nord Stream 2 pipeline on Friday, a move that will likely slow but not rule out its construction.

The long-stalled agreement comes after a last-ditch German and French push to amend the draft and give Berlin a greater say in how to ensure the pipeline to carry Russian gas to Europe under the Baltic Sea complies with EU law.

Chancellor Angela Merkel hailed the vote as an example of Berlin’s close ties with Paris after the two major European powers, which both have firms invested in the project, were publicly at odds ahead of the EU meeting.

Published in Dawn, February 9th, 2019

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Plugging the gap
06 May, 2024

Plugging the gap

IN Pakistan, bias begins at birth for the girl child as discriminatory norms, orthodox attitudes and poverty impede...
Terrains of dread
Updated 06 May, 2024

Terrains of dread

Restored faith in the police is unachievable without political commitment and interprovincial support.
Appointment rules
06 May, 2024

Appointment rules

IT appears that, despite years of wrangling over the issue, the country’s top legal minds remain unable to decide...
Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....