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Tuesday, January 18, 2022

Nord Stream 2 – Gazprom will not press to speed up NS2 certification

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Gazprom will not start transporting gas via the Nord Stream 2 pipeline before certification and will not put pressure on Germany to speed up the process. The reason is the high income resulting from the current gas prices, the Reuters Agency reported, citing two anonymous sources.

Sources point out that gas transmission without German certification would only risk a small fine for Gazprom, but as Germany is undergoing political changes and Russia’s relationship with the West is severely strained, the Russian company decided to wait patiently.

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Nord Stream 2 – certification of the gas pipeline

– We do not want to seek faster approval of the pipeline. Now everything is in the hands of Germany – said the source in Gazprom. He added that the Kremlin also wants to see how relations with the new German government will develop after the departure of Angela Merkel, who supported Nord Stream 2.

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The second source said Gazprom “is doing great” and expects that the gas market will continue to be in increased demand next year, which will keep gas prices high.

On November 16, the German regulator Bundesnetzagentur suspended the certification of Nord Stream 2 AG as the operator of the Nord Stream 2 gas pipeline. The BNetzA said that the company was registered in Switzerland and that the operator should operate under German law.

Nord Stream and Nord Stream 2PAP

Main photo source: Nord Stream 2 / Axel Schmidt



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