Connect with us


Nord Stream 2 registers German subsidiary, certification still suspended




The logo of the Nord Stream 2 pipeline project is seen on a pipe at the Chelyabinsk Pipe Rotation Plant owned by ChelPipe Group in Chelyabinsk, Russia, February 26, 2020. REUTERS / Maxim Shemetov // File Photo

Sign up now for FREE unlimited access to

MOSCOW / FRANKFURT, Jan 26 (Reuters) – Russian pipeline operator Nord Stream 2 has registered a subsidiary for the German section of the pipeline to meet German regulatory requirements, it said on Wednesday, although certification for the project remains pending. from Berlin.

Europe’s most divisive energy project, Nord Stream 2, is designed to double the amount of gas flowing from Russia to Germany, bypassing the traditional transit country of Ukraine, on the Baltic Sea bed.

It has faced resistance within the European Union, from the United States as well as from Ukraine, on the grounds that it increases Europe’s energy dependence on Russia and denies Ukraine’s transit tariffs, at a time of Moscow’s wider stalemate with the West.

Sign up now for FREE unlimited access to

Nord Stream 2 said the subsidiary, Gas for Europe GmbH, would be headquartered in the German city of Schwerin. It will own and operate the 54-kilometer section of the Nord Stream 2 pipeline located in German territorial waters and the Lubmin landing facility as an independent transmission operator, the company said, in accordance with German regulations.

The pipeline was built in September, but has remained unemployed since then awaiting certification from Germany and the European Union.

Germany’s Federal Grid Agency – which regulates the country’s electricity, gas, telecommunications, post and railway sectors – suspended a pipeline certification process in November, saying the operator must register a legal entity in Germany.

The regulator said Wednesday that the certification procedure will remain suspended until the transfer of key assets and human resources to the subsidiary is completed and the Federal Grid Agency will be able to check the unit’s documents for completeness.

“Currently we can not predict when the procedure will resume,” said in a statement.

Uniper (UN01.DE), one of the financial backers of Nord Stream 2, expects the pipeline to be available for gas transportation from the start of the next winter heating season in October.

Russia has said the commissioning of the pipeline would ease Europe’s gas crisis, which saw natural gas prices rise to all-time highs last month amid tight supplies and an economic recovery from the pandemic. .

Some politicians and industry experts in Europe have accused Russia of deliberately restricting gas flows to the West in order to speed up the start of gas sales through Nord Stream 2, a charge Russia denies.

Sign up now for FREE unlimited access to

Reporting by Anton Kolodyazhnyy, Polina Devitt and Vladimir Soldatkin in Moscow, Christoph Steitz in Frankfurt; Edited by Jan Harvey and Bernadette Baum

Our standards: Principles of Thomson Reuters Trust.




The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos


to request, modification Contact us at Here or [email protected]