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Nord Stream 2 In Limbo As Germany Prepares To Decide On Key License

Germany’s federal networks regulator BNA said on Monday it would decide no later than January 8, 2022 whether it will certify Nord Stream 2 and issue an operating license for the natural gas pipeline.

“The Federal Network Agency of Germany announced today that Nord Stream 2 AG has submitted all the documents required for verification by the agency. Thus, the Federal Network Agency has four months to prepare a draft decision and submit it to the European Commission,” the regulator, Bundesnetzagentur, told Russian news outlet Sputnik on Monday.

The documents were received on September 8, so the four-month deadline expires on January 8.

Last Friday, Gazprom said it had completed the construction of the Nord Stream 2 pipeline, although gas flows on the controversial Russia-led pipeline cannot begin until Germany grants an operating license to the project.

Earlier last week, Russia’s Foreign Minister Sergey Lavrov said that the Nord Stream 2 pipeline from Russia to Germany was set to be completed within days and come on stream.

But in order to begin shipping gas to Germany, Nord Stream 2 will need the go-ahead from the German regulator via an operational license.

Last month, a German court ruled that Nord Stream 2 will have to obey European Union regulations that separate owners of the pipelines from suppliers of gas, dealing a blow to Gazprom, who sought to have EU rules waived for the controversial pipeline.

Nord Stream 2 AG, the company behind the pipeline, said on Friday that after the mechanical completion of the construction, “the required pre-commissioning activities will be carried out with the goal to put the pipeline into operation before the end of this year.”

Gazprom hopes to start gas flows via the first leg of the pipeline as early as October 1, Bloomberg reported on Wednesday, citing sources with direct knowledge of the Russian gas giant’s plans.

By Tsvetana Paraskova for Oilprice.com

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  • George Doolittle on September 13 2021 said:
    With Tesla and Volkswagen entering mass production of pure BEVs Germany does not *need* this energy product in the least. In theory the product could be exported to the Netherlands and turned into liquified natural gas for export around about Europe and the World as the USA is already doing ... but of course the Netherlands as part of the EU would have to come to some agreement Putin's Russia being a highly unstable partner trying to undermine NATO and all that.

    Anyhow prices are soaring for something no one here in the USA really needs so the math seems pretty obvious that the fuel itself is unstable and not to be relied upon just given pricing in the USA alone let alone all of Europe.

    Long $tsla Tesla Motors
    Strong buy
    "Already proven to work."

    It ain't like the entire West Coast of the USA to include Alaska is crying about the current massive run higher in all commodities let alone natural gas and oil.

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