The European Commission

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Merkel: European Commission not to stop Nord Stream-2

The European Commission will not be able to stop implementation of the Nord Stream-2 gas pipeline project despite adoption of amendments to the E.U. Gas Directive, German Chancellor Angela Merkel told an audience in Ravensburg. …

EU issues $20 billion list of U.S. imports for tariffs

The European Commission published a list of $20 billion worth of U.S. imports it could hit with tariffs in a dispute over Boeing aircraft subsidies. The EU retaliation plan follows a U.S. threat to seek $11 billion in damages through …

Juncker: no more short Brexit delays

The European Union will not grant Britain another short delay to Brexit if UK lawmakers fail to ratify the stalled divorce agreement by April 12, European Commission President Jean-Claude Juncker said. “The …

UK asks to delay Brexit until June 30

British Prime Minister Theresa May asked the European Union to delay Brexit until June 30. "I am... writing to inform the European Council that the UK is seeking an extension to the Article 50 period... until 30 …

Brexit could be delayed

Brexit could be delayed until 2021 under plans being explored by the EU’s most senior officials, the Guardian reported. A lengthy extension of the negotiating period is gaining traction as the EU’s default position should …

EU may leave Nord Stream-2 underutilized?

The Nord Stream-2 gas pipeline may remain underutilized for at least first several years of operations due to new amendments to the European Union gas directive, the Kommersant daily …

 Could Brexit be delayed?

The European Commission said Britain has not requested a Brexit delay and that any such extension of negotiating time before the divorce could not be open-ended but leading to a concrete result. Speaking at a regular news briefing in …

New EU gas law has Nord Stream 2 loopholes - media

The European Union reached a provisional deal on new rules governing import gas pipelines including the Nord Stream 2 pipeline project. Representatives of EU governments and the European Parliament approved a revision to gas-market …

European Commission sharply lowers oil prices forecasts

The European Commission has lowered its forecasts for Brent oil prices in 2019-2020 in its Winter 2019 interim report. Based on futures markets, an average Brent oil price of $61 per barrel is now assumed in 2019 and 2020, according to …