Nord Stream 2 is clearly seen as a threat to EU supply security. On 26th November 10 EU Member States forwarded a letter to the European Commission objecting to the proposed NordStream 2 (estimated cost is EUR 10 billion) and requesting the Commission to undertake a close examination of the compatibility of the proposed new pipeline with EU law. Obviously, NordStream 2 is also a threat to Ukraine - the current transit arrangements net Ukraine more than $2 billion of revenue per year.
To remove Western fears regarding security of natural gas supply Ukraine needs to move rapidly to fully reform its gas market. Pushing ahead with all the third energy package reforms will give EU states greater confidence in the operation of the Ukrainian gas market and Ukraine’s commitment to ensuring supply security. Read more at http://www.naturalgaseurope.com and
http://www.newsweek.com
To remove Western fears regarding security of natural gas supply Ukraine needs to move rapidly to fully reform its gas market. Pushing ahead with all the third energy package reforms will give EU states greater confidence in the operation of the Ukrainian gas market and Ukraine’s commitment to ensuring supply security. Read more at http://www.naturalgaseurope.com and
http://www.newsweek.com
