Germany stops NordStream2 Gas Pipeline Certification Process

thecoder

thecoder

https://www.rt.com/russia/540395-nord-stream-certification-germany/
Germany suspends Nord Stream 2 certification process
16 Nov, 2021 09:55 / Updated 43 minutes ago
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FILE PHOTO: A road sign directs traffic towards the Nord Stream 2 gas line landfall facility entrance in Lubmin, Germany, September 10, 2020. © REUTERS / Hannibal Hanschke

The certification of the controversial Nord Stream 2 gas pipeline connecting Russia and Germany will be paused until the company behind it reorganizes in accordance with German law, the country’s regulator announced on Tuesday.
The news immediately led to a sharp rise in the price of gas in Europe, with futures in Europe increasing by more than 10%, to $1,029 per 1,000 cubic meters, according to data from the Intercontinental Exchange.

The standoff concerns an insistence from the German Federal Network Agency (BNetzA) that the operator of the pipeline must only be registered as a German entity, while the Nord Stream 2 AG company is based in Switzerland.

It has opted to establish a subsidiary in Germany to oversee the part of the pipeline that goes through the country, but the regulator says that most assets should be transferred to that firm.

READ MORE: Nord Stream 2 ready for launch, Gazprom top manager tells investors
The certification will resume only after this transfer is completed and the German subsidiary files a new application, BNetzA said. It will then be studied during the remaining part of the four-month-long approval period.

Nord Stream 2 AG applied for certification of the pipeline this June, but the German regulator deemed that it had received all the required papers only in early September. That’s when the four-month certification process started, meaning that the draft decision might not be published by BNetzA before January 2022.

The approval process was further complicated after Poland and Ukraine – both strongly opposed to the project – were given the right to participate in it. However, they can only issue their judgement on the project, and lack veto powers to block it.

The construction of the underwater pipeline, which was carried out despite strong opposition from the US, was completed in September, and it was later filled with gas.

Russia's energy giant Gazprom said earlier this month that deliveries to customers in Germany and elsewhere in the EU may start as soon as it's given the green light by BNetzA.
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Idiots @ Work :)
Gas prices will soar again, and people will die from the cold b/c of this idiotic decision of some bureaucRat idiots...


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thecoder said:
What land grab? The Crimean people have voted for Russia and not for Ukrashit.
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You're clearly a Russian. Might as well admit it, it's obvious anyway. So when a Russian border town votes to join China or Japan, Russia will just respect the decision? Give me a break, Russian OMON troops will come, beat people half to death and then jail them for life as they've always done.
 
Russia can sell its oil and gas also somewhere else in the world, especially in Asia.
But, if multiple nations agree on such a big pipeline project in the beginning, then after some years some of these members breach the contract, so is that then OK in the business world?... Nope! And Russia should never again do such a business project with such unreliable partners, IMO.
 
Germany shouldn't have started this pipe project in the first place.
too much geopolitical risk.

use other means of transporting gas other than using pipes.
the operating cost will be higher, but there will be lower risk.
 
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thecoder said:
Russia can sell its oil and gas also somewhere else in the world, especially in Asia.
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Not quite. The pipelines haven't been built and it's far more expensive to reach coastal China then it is western Europe. Supplying the current amounts to China is years away if Europe would be cut off.

thecoder said:
And Russia should never again do such a business project with such unreliable partners, IMO.
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Russia is the ultimate unreliable partner, violating airspace in Finland and the Baltics, invading Ukraine, causing border queues unnecessarily, supporting riots in Estonia etc.
So your argument is quite hilarious. It's like a career criminal who was caught after killing multiple people complaining that the police hurt his arm when he was arrested. Yeah, cry me a river.
 
d08 said:
Good decision. Finally some long-term thinking instead of the usual Russian boot-licking. Even nuclear energy is a better option than relying on Russian nat gas.
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This can cost Putin personally billions.
 
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