Bad news for Gazprom. German Federal Network Agency (Bundesagentur) has denied the operating licence on the motive that the operating company must be organised according to german law. Nord Stream 2's operating company however is a company registered in Switzerland under swiss law. Read more in BILD:
Not a good day for Kremlin leader Vladimir Putin (69) and his gas manager Gerhard Schröder (77, Gazprom / Nord Stream, Rosneft): The Federal Network Agency is temporarily stopping the approval process (certification) for the second Baltic Sea pipeline Nord Stream 2!
► No operating license without certification!
► No gas transport without the permit!
Not a good day for Kremlin leader Vladimir Putin (69) and his gas manager Gerhard Schröder (77, Gazprom / Nord Stream, Rosneft): The Federal Network Agency is temporarily stopping the approval process (certification) for the second Baltic Sea pipeline Nord Stream 2!
► No operating license without certification!
► No gas transport without the permit!
Nord Stream (main owner: Gazprom) now wants to found a new German subsidiary that will then operate the German part.
Basic problem for Nord Stream: Even if Germany allows the tube, the EU has the last word! And there is considerable doubt that Nord Stream 2 complies with EU law. Because according to the EU Energy Directive, line operators and energy suppliers cannot be in one hand. In the case of Nord Stream 2, however, both are in the hands of the Kremlin group Gazprom. The network agency has until January 8th to make a decision.
In addition, there is now also a small victory for Ukraine in the gas dispute with Russia: The state-owned Ukrainian energy company and network operator Naftogaz must be involved in the Nord Stream 2 approval in Germany!
The Federal Network Agency decided that too! Accordingly, Naftogaz has the right to be heard in the certification process for the completed Baltic Sea pipeline.
Naftogaz CEO Yuri Witrenko to BILD: “The suspension of the Nord Stream 2 certification is good news. However, not everything has been clarified yet. It seems like Gazprom is using legal tricks. "
Gazprom announced to the German regulatory authority that it would found a subsidiary in Germany, which would then be specified as the "independent operator" of the Nord Stream 2 pipeline and "only covers the part of the pipeline that is located on German territory."
Witrenko: "This is a mockery of the European rules: It does not correspond to the spirit or the wording of the European legislation on the certification of gas pipelines."
In addition, Nord Stream 2 endangers the security of supply in Germany and Europe, said the Naftogaz boss. It is anti-competitive and will not bring additional natural gas to Germany or Europe.
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