Fri Feb 8, 2019, 01:19 PM

EU adopts French, German compromise on Nord Stream 2 pipeline to Russia

France and Germany have reached a compromise that will allow Berlin to remain the lead negotiator with Russia on the Nord Stream 2 gas pipeline, European leaders confirmed on Friday.

"Regarding the gas directive, we have reached an agreement and this was possible because Germany and France worked closely together," German Chancellor Angela Merkel told a joint news conference with Malian President Ibrahim Boubacar Keita.

"Today is a good day, and that is because of French-German cooperation."

The two EU countries have now agreed to ensure oversight will come from the "territory and territorial sea of the member state where the first interconnection point is located."

Merkel called the pipeline a "purely economic project" that will guarantee cheaper, more reliable gas supplies.

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