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German energy regulator suspends Nord Stream 2 certification, makes demands

FRANKFURT (Reuters) – Germany’s energy regulator on Tuesday said the certification process for the controversial Nord Stream 2 gas pipeline…

By financial2020myday , in Commodities , at November 16, 2021

FRANKFURT (Reuters) – Germany’s energy regulator on Tuesday said the certification process for the controversial Nord Stream 2 gas pipeline under the Baltic Sea was suspended.

It said the Swiss-based consortium is required to form a company under German law to fulfil further prerequisites to obtain an operating licence.

“A certification for the operation of Nord Stream 2 will only be considered once the operator is organised in a legal shape compliant with German law,” it said in a statement.

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