The German Federal Network Agency (Bundesnetzagentur) said on Tuesday 16 November that it was suspending the Nord Stream 2 certification procedure due to the legal structure of the company operating the pipeline, Nord Stream 2 AG.
Based in Switzerland, Nord Stream 2 AG decided not to change its existing legal form, but to establish a subsidiary under German law solely for the German part of the pipeline (Nord Stream 2 connects Russia to Germany via the Baltic Sea).
However, in order to...