The German Federal Network Agency, the Bundesnetzagentur, won’t decide on the controversial Nord Stream 2 gasoline pipeline for at the very least one other six months, the pinnacle of the governmental physique revealed on Thursday.
The certification of the pipeline, which ought to have been accomplished in January 2022, was suspended in mid-November after the Bonn-based regulator insisted that Nord Stream 2 AG create a German subsidiary. The German Energy Ministry described the suspension as a regulatory subject and an interim step.
After certification, the paperwork should go to the European Commission, which can have two months to approve the pipeline to start operations.
“Decisions will not be made in the first half of the year,” mentioned Jochen Homann, the president of the Federal Network Agency. Homann mentioned the certification course of would proceed when the related paperwork had been submitted to the authority in such a method that they could possibly be audited.
Nord Stream 2 was accomplished in September and now connects Russia to Germany with out passing by means of any third nation. This implies that, as soon as it begins operation, gasoline transit will turn out to be much less reliant on third events, thereby reducing the value of the commodity.
The pipeline has, nevertheless, been opposed vehemently by politicians in Washington and Kiev, who declare that it’s going to enhance Europe’s reliance on Russian gasoline and cut back the continent’s vitality safety. The governments in Lithuania and Latvia have additionally supported requires the brand new German authorities to make use of the Baltic Sea pipeline as leverage towards Russia, with Latvian Prime Minister Krišjānis Kariņš calling it a type of “blackmail” towards the EU.
Earlier this month, Germany’s new overseas minister, Annalena Baerbock, mentioned that the system can’t but be launched as a result of it doesn’t meet EU vitality necessities.
“We also discussed this during the coalition negotiations, and therefore we enshrined in the coalition agreement that European energy law applies to energy projects,” she mentioned. “And that means that, as things stand, this pipeline cannot be approved.”