• 3 minutes Will Variants and Ill-Health Continue to Plague Economic Outlooks?
  • 6 minutes Forecasts for Natural Gas
  • 14 minutes NordStream2
  • 36 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 hours Communist China Declared War on the US Long Ago Part 1 of the 2-part series: The CCP's War on America
  • 2 hours China's aggression is changing the nature of sovereignty.
  • 2 days President Biden’s Nuclear Option Against OPEC+ - Waste of Time
  • 10 hours Delta variant in European Union
What Happens If Europe Runs Out Of Gas?

What Happens If Europe Runs Out Of Gas?

Europe’s energy crunch has taken…

LNG Suppliers Are Very Confident In Asia's Strong Gas Demand

LNG Suppliers Are Very Confident In Asia's Strong Gas Demand

Liquefied natural gas (LNG) suppliers…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Premium Content

Nord Stream 2 Setback In Germany Could Be Short-Lived

  • Last week, Germany said it had suspended the process of certification of the Nord Stream 2 gas pipeline
  • Ronald Smith, an analyst with BCS brokerage, told Reuters after speaking with senior Gazprom managers that Germany could resume the certification within two to three weeks

Germany could resume the certification process for the Russia-led Nord Stream 2 natural gas pipeline in a few weeks, an analyst at a Moscow-based brokerage told Reuters on Monday after a call with senior executives at Gazprom.

Last week, Germany said it had suspended the process of certification of the Nord Stream 2 gas pipeline.

The Federal Network Agency of Germany, Bundesnetzagentur, said it suspended on Tuesday the procedure to certify Nord Stream 2 AG as an independent transmission operator until an operator of the pipeline in Germany is incorporated under German law.

The agency, which had until January 8, 2022, to express an opinion on the operating license, deals a blow to the pipeline and dashes hopes that it could start sending gas to Germany in time to save Europe from a gas crunch if this winter is colder than usual, analysts said last week.

Dmitry Marinchenko, Senior Director at Fitch Ratings, told Russian news agency TASS that “The case is more probably with procedural, rather than political point. Germany supports the project consistently and there is no use in looking for conspiracy in this case.”

The suspension of the certification could push the commissioning of Nord Stream 2 into March 2022, German government sources told Reuters last week.

This would mean that Nord Stream 2 cannot help boost gas supply to Europe, exposing it once again to shortages, especially in a colder winter.

This week, Ronald Smith, an analyst with BCS brokerage, told Reuters after speaking with senior Gazprom managers that Germany could resume the certification within two to three weeks, after Nord Stream 2 AG sets up a German unit under German law.

“The suspension of the approval by the German regulator was not a surprise for Gazprom. The Germans want to get the approval done, they are in the middle of an energy crisis,” Smith told Reuters.

Commenting on the certification process and a possible commissioning date, Kremlin spokesman Dmitry Peskov said last week, as carried by TASS:

“Guessing the timing now is a thankless job. And we would not want to do that.”  

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Mamdouh Salameh on November 22 2021 said:
    Nord Stream 2 gas pipeline has beaten the harshest US sanctions so it won’t be derailed by the EU's prevarications and certification delays.

    If the Europeans want to feel warm in winter, the German energy regulator and the EU Secretariat will have no choice but to certify it soon. The alternative will be a harsh winter for the Europeans and to avoid such a situation, the EU will be even prepared to sell the interests of Ukraine.

    Russia is in the driving seat. It can easily sell its gas to China and India. The EU countries will pay a very heavy price for alternative gas supplies whilst the United States and Qatar can’t supply enough LNG to the EU because of short supply and rising demand in the Asia-Pacific region.

    It will be the EU which will blink first not Russia.

    Dr Mamdouh G Salameh
    International Oil Economist
    Visiting Professor of Energy Economics at ESCP Europe Business School, London

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News