Strasbourg — On Wednesday, the EU pushed ahead with an agreement that will allow Russia to continue to build a new gas pipeline to Europe, despite US warnings that it poses a security risk. The EU’s revised gas directive aims to establish common gas market rules for pipelines entering the bloc from a third country, with all the focus on Russia’s Nord Stream 2 project, which will pipe gas to Germany. In November 2017, the European Commission proposed amending the existing legislation in what was seen as a bid to put curbs on Nord Stream 2, launched by the Russian giant Gazprom. Negotiators for the European parliament and EU countries struck a provisional political agreement on Tuesday night on the rules that recognise Germany’s lead role in the pipeline while putting it under EU oversight. The Nord Stream 2 pipeline will double the capacity to ship gas from Russia to Germany via the waters of Finland, Sweden and Denmark. But the pipeline has faced opposition from many countries in ea...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now