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Germany suspends certification of Nord Stream 2 gas pipeline pending creation of German subsidiary for nat'l section
MOSCOW. Nov 16 (Interfax) – The German Federal Grid Agency, Bundesnetzagentur, has suspended the certification procedure for the Nord Stream 2 gas pipeline until Nord Stream 2 AG, which is based in Zug, Switzerland, has completed creating a subsidiary in order to operate the German national section of the pipeline, as well as completed the transfer of major assets and human resources to it, Bundesnetzagentur said.
"Our company is taking this step in order to ensure compliance with applicable rules and regulations. We are not commenting on the details of the procedure, its timing, or the impact on the timing of the pipeline’s commissioning," Nord Stream 2 AG’s press service said about the step.
