The Nord Stream 2 gas pipeline that connects Russia and Germany was constructed in September 2021. However, Germany cites a legal hurdle to the approval process.
On Tuesday, November 16, the Federal Networks Agency announced the temporary suspension by the Federal Networks Agency of the approval process for Nord Stream 2, a controversial gas pipeline linking Russia and Germany. This was due to a legal problem.
This decision could delay approval by the Agency for the long-awaited greenlight. Certification is one of the final steps to allow Russian gas circulation in the European network.
Nord Stream 2 has been approved “It is only possible if an operator is organized under a legal structure under German law.”“, wrote the German authority in a press statement.
This announcement saw the gas price rise by 12% on the market at a time that Europe is already seeing an increase in its energy prices.
The certification process is suspended until Nord Stream 2, a company based in Zug (Switzerland), completes the transfer “Essential resources and human resource”The Agency is a German subsidiary that was created for the German portion of the pipeline.
The Commission has four months to grant the green light for the project. Work has already been completed, and filling has started on Russia’s side. The European Commission will then issue an opinion on the authorization, which could delay the opening of the pipeline.
September was the month that the Kremlin requested a commissioning “As quickly as possible”Nord Stream 2, which will supply it with gas. It has a 55 billion m3 annual capacity and began filling in October.
This installation is being criticized in Eastern Europe especially because Nord Stream 2 could expose the continent to Russia’s energy weapon by increasing European dependency and sacrificing the interests the Ukrainian ally, a traditional trans-country.