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.
