Nord Stream 2 –Energy Union at the crossroads

Nord Stream 2 –Energy Union at the crossroads

The European Commission has taken note of the plans of gas undertakings to build Nord Stream 2. If built, Nord Stream 2 would have to fully comply, as any other infrastructure project, with applicable EU law, including on energy and environment. In May 2014, the European Commission set out in its Energy Security Strategy how the EU remains vulnerable to external energy shocks. It called on policy makers at national and EU level to diversify and reduce our dependency on particular fuels, energy suppliers and routes. The Energy Union builds on this strategy. Energy security, solidarity and trust constitute a key dimension of our framework strategy of 25 February 2015. The key drivers of energy security remain the completion of the internal energy market and more efficient energy consumption. But events over the past years have also shown that diversification of energy sources, suppliers and routes are crucial for ensuring secure and resilient energy supplies to European citizens and companies. More transparency and solidarity between the Member States are equally important. At the same time, the EU's energy security is closely linked with its neighbours. It is in this spirit, that on 16 February of this year, the European Commission presented its Security of Supply Package, which responded to many calls of this house. I believe that this package sends a strong signal that we are building a secure and resilient Energy Union, based on competition and cooperation for the benefit of EU citizens and companies. Let me just recall that the package proposes a revised Security of Gas Supply Regulation, an LNG and storage strategy, changes to the [...]

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