Delay to Russian Nord Stream-2 Gas Pipeline May Not be Long, Analyst Says

The pipeline was temporarily halted because under German law the Swiss-based consortium behind Nord Stream 2 first needed to form a German subsidiary company to secure an operating license.

Reuters

The suspension of the approval process for the Russian Nord Stream 2 pipeline by a German regulator could be short-lived as Europe is hungry for more gas, an analyst said on Nov. 22 after meeting officials of Russian state gas giant Gazprom.

Last week, Germany's energy regulator temporarily halted the certification process for the new pipeline that will carry Russian gas into Europe, throwing up a new roadblock to the contentious project and driving up regional gas prices.

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