Nord Stream 2: Gas prices soar as Germany suspends approval for pipeline
Natural gas prices in Europe soared on Tuesday after Germany confirmed that it has suspended the process of certifying a controversial new Russian pipeline called Nord Stream 2.
The German energy market regulator said in a statement that it could not certify Nord Stream 2 as an independent operator because the company was based in Switzerland, not Germany.
The decision comes at a time of rising tension between the European Union and Russia over Ukraine and a migrant crisis on the Belarus-Poland border.
"Following a thorough examination of the documentation, the [regulator] concluded that it would only be possible to certify an operator of the Nord Stream 2 pipeline if that operator was organized in a legal form under German law," the German regulator said.
https://www.msn.com/en-us/news/world/nord-stream-2-gas-prices-soar-as-germany-suspends-approval-for-pipeline/ar-AAQLt7L
