German regulator halts Nord Stream 2 approval process
Nov 17, 2021
German regulator halts Nord Stream 2 approval process — — -Brussels (Brussels Morning) Germany’s Federal Network Agency (BNetzA) halted the approval process for the Nord Stream 2 gas pipeline from Russia on Tuesday.
The regulator stated that was temporarily stopping the process because the consortium behind the pipeline must first open a German subsidiary company in order to get an operating license, Reuters reported.
The move comes against a backdrop of soaring energy prices in Europe, which jumped a further 11% after the BNetzA announcement.
