German Regulator Suspends Nord Stream 2 Certification Procedure
November 16 2021 - 6:14AM
Dow Jones News
By Ed Frankl
Germany's energy regulator said Tuesday that is has suspended
the procedure to certify the controversial Nord Stream 2 gas
pipeline between Russia and the country.
Bundesnetzagentur concluded that it would only be possible to
certify an operator of the Nord Stream 2 pipeline if that operator
was organized in a legal form under German law.
The operator, Nord Stream 2 AG, is based in Switzerland, and has
decided to found a subsidiary in Germany to govern the German part
of the pipeline, the Bundesnetzagentur said. This will now need to
fulfill the requirements of an independent-transmission operator as
set out in German law, it added.
Certification will remain suspended until main assets and human
resources have been transferred to the subsidiary, the regulators
said.
The pipeline, which runs beneath the Baltic Sea, is expected to
double the volume of Russian natural gas exported directly to
Germany, but has met a number of controversies and strained
U.S-German relations, with U.S. officials having expressed fears it
would give Moscow too much control of Europe's energy markets.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
November 16, 2021 05:59 ET (10:59 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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