Germany has suspended the certification process for Russia’s Nord Stream-2 gas pipeline.
The German regulator believes that the Nord Stream-2 operator should have an organizational form in accordance with German law.
“Nord Stream 2 AG, headquartered in Zug (Switzerland), has decided not to change its legal form, but instead to establish a subsidiary in accordance with German law solely to manage the German part of the pipeline” – the statement said.
The process will continue after the completion of the establishment of a subsidiary in Germany for the German part of the highway. Once these requirements are met, the regulator will be able to renew its expertise, prepare a draft decision and submit it to the European Commission for a final decision.
To remind, Russian gas monopoly Gazprom announced the completion of Nord Stream-2 in September. It should start working no earlier than March 2022.