The Nord Stream 2 pipeline will not be launched until the second half of next year

No decisions will be made on the Nord Stream 2 pipeline in the first half of 2022. This was stated on Thursday by Jochen Homann, president of the German transmission system regulator Bundesnetzagentur.

Russian natural gas will not flow to Germany and the European Union via the Nord Stream 2 gas pipeline until the second half of next year. However, the German regulator Bundesnetzagentur claims that everything is in the hands of Nord Stream operators 2. They applied for gas certification about two months ago, but now the whole process is worth it.

The reason is the establishment of a Nord Stream AG branch in Germany in accordance with German legislation. The pipeline approval was originally scheduled to be completed by January 8. “It is not in our hands. This decision was made by Nord Stream AG itself, “Jochen Homann told Reuters.

Once the German branch is established, the approval process will begin again. But then Nord Stream 2 will still have to be approved by the European Union, which will have two months to do so. However, the approval process can be extended for another two months.

 

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Gulf Brokers Ltd. Review

Comparing spreads, commissions, trading platforms, rules and reading dozens...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

Altman wants to coordinate AI development slowdown with competitors, Bloomberg reports

Technology company OpenAI is considering slowing down the development...

Challenger Banks vs Traditional Retail Banks: Fees and Services Compared in 2026

The line between challenger banks and traditional retail banks is becoming...

Apps Like Klarna: 6 Best BNPL Alternatives in 2026

Buy Now, Pay Later has evolved from a checkout...

Google invests 13 billion euros in AI infrastructure in Finland

American company Google, which is part of the Alphabet...

Mercuryo Review 2026: Payment Gateway, Crypto On-Ramp and Fees Explained

Buying cryptocurrency no longer necessarily means opening an account...

China’s exports rose 25 percent in August thanks to demand for technology and cars

China's year-on-year export growth rate accelerated in August thanks...
spot_img

spot_imgspot_img