Germany suspends certification of Nord Stream 2

Germany suspended the certification of Nord Stream & mdash; 2 & rdquo;

The situation has been commented on by the Ministry of Energy of the Federal Republic of Germany, as well as by eco-activists .

Germany has suspended the certification process for Nord Stream 2 due to the re-registration of the organizational structure of the project.

This was announced by the German regulator BNetzA.

According to the regulator, it is planned to create a subsidiary for a motorway located in Germany. The newly created branch will own and operate part of the water supply.

It is only if the legal company changes according to German law that the certification process for the operator Nord Stream 2 can resume.

If all the conditions are met, the process will be resumed and will take about four months

This move caused gas prices to rise sharply to $ 1,029 per thousand cubic meters.

At the same time, the cost of shares of & # 8220; Gazprom & # 8221; on the Moscow Stock Exchange fell to 331.61 rubles, or 2% of the value of the last transaction.

Commenting on the situation, the Ministry of Energy of the Federal Republic of ; Germany has stated that the suspension of certification will not affect Germany & # 39; s energy security.

Comment explained Susanna Ungrad (representative of the Energy Ministry of Germany) the case is only in the question of the rights of economic entities. And the process, she said, will resume immediately after the grant of & # 8220; Gazprom & # 8221; all the necessary documents.

Earlier, Topnews wrote that on May 9, Germany could shut down Nord Stream 2 forever.

Join our group at VK to stay up to date with events in Russia and around the world


Leave a Reply

Your email address will not be published. Required fields are marked *