JUST IN: Germany’s network regulator says it has suspended its procedure to certify the operator of a new pipeline that would bring Russian gas to the country under the Baltic Sea because of an issue with the company’s status under German law.
It wasn’t immediately clear to what extent the move by the German network regulator, the Bundesnetzagentur, to suspend the procedure to certify Nord Stream 2 AG as an independent transmission operator might delay those plans. The step is required before gas can legally flow.
The operating company is based in Zug, Switzerland, and “has decided not to transform its existing legal form but instead to found a subsidiary under German law solely to govern the German part of the pipeline,” it added. That will become the owner and operator of the German section of the pipeline.
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