Wednesday, April 17
Germany’s energy regulator has suspended the certification of Nord Stream 2.
Wednesday, November 17, 2021
The approval process for the pipeline which will bring gas into Europe has been thrown a new roadblock to the contentious project, and drove up regional gas prices, reported Reuters. The reason that the Swiss-based consortium behind Nord Stream 2 first needed to form a German subsidiary company under German law to secure an operating license. It was unclear how long the process of establishing a new company and reapplying for certification would take. European natural gas prices immediately increased by almost 11% on news of the hold-up.