In Uncharted Waters: The Contested Legal and Political Landscape of Nord Stream 2
Forthcoming in: MM Roggenkamp and C Banet (eds), European Energy Law Report (EELR) Vol. XIV (Intersentia), Forthcoming
15 Pages Posted: 7 Oct 2020 Last revised: 26 Oct 2020
Date Written: August 11, 2020
Energy is often at the heart of geopolitical struggle. But even when measured against the standards of the industry, it is hard to find a project as politically charged and controversial as the Nord Stream 2 (NS2) gas pipeline running from Russia to Germany via the Baltic Sea. In this contribution, we unpack several aspects concerning the project and shed light on its crucial legal and political dimensions. We start by providing a brief description of the historical background of the NS2 project. We then turn to its relevant EU and international legal aspects, after which we discuss the recent instances of political and legal contestation surrounding this project, including the US sanctions legislation on NS2, as well as Investor-State Arbitration under the Energy Charter Treaty (ECT) and World Trade Organization (WTO) dispute settlement proceedings. The final section will provide a conclusion based on the insights of our study.
Keywords: Energy, Nord Stream 2, Natural gas, World Trade Organization, Energy Charter Treaty (ECT), EU Energy Regulation, US sanctions
JEL Classification: K21, K23, K33, F13, F51, F52, Q34, Q37, Q34, Q35, Q38
Suggested Citation: Suggested Citation