German agency suspends approval process for Russian pipeline

Berlin (AP) — German network regulators certify operators of a new pipeline to bring Russian gas to the country under the Baltic Sea on Tuesday due to problems with the company’s status under German law. He said he had suspended the procedure.

Construction of the Nord Stream 2 pipeline was completed earlier this year, but it is not yet in operation. Ukraine and the United States opposed a controversial project.

Last month, Russian President Vladimir Putin said the country could do it soon. Boosting the supply of natural gas to the European Union When German regulators allow the new pipeline to go live, Energy prices are soaring In Europe, where much of the natural gas was imported from Russia, causing pain to businesses and homes.

It’s not immediately clear how much the move by German network regulator Bundesnetzagentur to suspend the process of certifying Nord Stream 2 AG as an independent transmission operator could delay these plans. There was no. This step is necessary before the gas can flow legally.

“After a thorough examination of the document, Bundesnetzagentur concluded that an operator of the Nord Stream 2 pipeline can only be certified if it is legally organized under German law.” Regulators said in a statement.

Based in Zug, Switzerland, the operating company “decided to establish a subsidiary under German law solely to govern the German part of the pipeline, rather than changing the existing legal form.” Added. It will be the owner and operator of the German section of the pipeline.

The agency said the certification remained suspended “until the key assets and resources were transferred to the subsidiary” and could confirm that the documentation was complete.

Nord Stream 2 is owned by Russia-managed gas giant Gazprom, invested by several European companies, built under the Baltic Sea, bypassing Poland and Ukraine, from these countries. I have expressed my dissenting opinion.

The United States strongly opposes the construction of Nord Stream 2, although Reached an agreement with Germany In July to enable the completion of the pipeline without imposing US sanctions on German entities.