Gas for Europe GmbH
The Bundesnetzagentur has today suspended the procedure to certify Nord Stream 2 AG as an independent transmission operator.
Following a thorough examination of the documentation, the Bundesnetzagentur concluded that it would only be possible to certify an operator of the Nord Stream 2 pipeline if that operator was organised in a legal form under German law.
Nord Stream 2 AG, which is based in Zug (Switzerland), has decided not to transform its existing legal form but instead to found a subsidiary under German law solely to govern the German part of the pipeline. This subsidiary is to become the owner and operator of the German part of the pipeline. The subsidiary must then fulfil the requirements of an independent transmission operator as set out in the German Energy Industry Act (sections 4a, 4b, 10 to 10e EnWG).
26 Jan 2022 - Subsidiary for German section of Nord Stream 2 established, says project’s operator
Gas for Europe GmbH will become the operator of this section as an independent transport system operator in accordance with German law.
"Nord Stream 2 AG has founded a German subsidiary Gas for Europe GmbH. The new company is to become the owner and operator of the 54-kilometre section of the Nord Stream 2 Pipeline located in the German territorial waters and the landfall facility in Lubmin, as an independent transmission operator in accordance with the German Energy Industry Act (EnWG)," according to the statement.
26 Jan 2022 - Nord Stream 2 AG has founded a German subsidiary Gas for Europe GmbH. The new company is to become the owner and operator of the 54km section of the NS2 Pipeline located in the German territorial waters and the landfall facility in Lubmin as an independent transmission operator in accordance with the German Energy Industry Act.
This decision has been announced in November 2021 - Gazprom Plans Fully Owned German Unit to Win Pipeline Consent.
Gazprom's Nord Stream 2 AG established a German subsidiary Gas for Europe GmbH, so the GER regulator, BNetzA, can resume the certification process. It can take up to ~8 months.
Comment;
In 8 months it would be 28th of SeptemberThe Nordstream will be blown up on 26-27 Sept 2022
[MRT: Certification was reversed in February 2022 - posts here and several others. Overview here]
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