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EU Reaches Deal on New Gas Law With Nord Stream 2 Loopholes

From bnnbloomberg.ca

European Union negotiators agreed on new natural-gas rules that preserve a concession to Germany over its controversial plan to import more of the fuel from Russia. Representatives of EU governments and the European Parliament approved a revision to gas-market legislation while scaling back hurdles for the planned Nord Stream 2 pipeline. The deal late Tuesday in Strasbourg, France, keeps intact a French-German compromise proposal that last week helped break a deadlock among EU governments and opened the way for an accord with the 28-nation Parliament. The negotiations in Strasbourg lasted almost nine hours, ending ... (full story)

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  • Category: Fundamental Analysis