German agency suspends approval process for Russia pipeline
ABC News
Germany’s network regulator says it's suspended its procedure to certify the operator of a new pipeline that would bring Russian gas to the country under the Baltic Sea because of an issue with the company's status under German law
BERLIN -- Germany's network regulator said Tuesday that it has suspended its procedure to certify the operator of a new pipeline that would bring Russian gas to the country under the Baltic Sea because of an issue with the company's status under German law.
Construction of the Nord Stream 2 pipeline was completed earlier this year, but it is not yet in operation. It is a contentious project that Ukraine and the United States have opposed.
Last month, Russian President Vladimir Putin said the country could quickly boost natural gas supplies to the European Union once German regulators allow the new pipeline to start operation. Energy prices have soared in Europe, which imports much of its natural gas from Russia, and led to pain for businesses and households.
It wasn't immediately clear to what extent the move by the German network regulator, the Bundesnetzagentur, to suspend the procedure to certify Nord Stream 2 AG as an independent transmission operator might delay those plans. The step is required before gas can legally flow.