Germany suspends certification of Nord Stream 2

16:06, 16 November 2021
Germany suspends certification of Nord Stream 2 Photo: Patrick Pleul/ZB/Global Look Press

The German Federal Network Agency Bundesnetzagentur has temporarily suspended the certification procedure for Nord Stream 2 over the legal status of the Swiss vendor company Nord Stream 2 AG , the German network regulator reported.

“Following a thorough examination of the documentation, the Bundesnetzagentur concluded that it would only be possible to certify the Swiss operator of the pipeline if that company was organized in a legal form under German law,” the regulator said in a statement.

The regulator says that the Swiss Nord Stream 2 AG has decided not to transform its existing legal form, but instead to establish a subsidiary in Germany exclusively to manage the German part of the pipeline - this subsidiary should become the owner and operator of the German part of the pipeline.

The subsidiary must then fulfill the requirements of the independent transmission operator.

The Bundesnetzagentur claimed that the certification will remain suspended “until the main assets and human resources have been transferred to the subsidiary” and it can verify the documentation is complete.

The regulator so far has reviewed the documents that were submitted by the pipeline operator on September 8, 2021. The regulatory agency must make a decision within four months, in this case before January 8, 2022.

On September 10, Russian state energy corporation Gazprom announced that the construction of the Nord Stream 2 gas pipeline to Germany had been completed.