
Gas prices soar as Germany suspends approval for Nord Stream 2 pipeline
CNN
Natural gas prices in Europe soared on Tuesday after Germany confirmed that it has suspended the process of certifying a controversial new Russian gas 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.
"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," it said in a statement.
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