A separate subsidiary company will be created to manage the German part of the “Nord Stream-2” gas pipeline.
Germany has temporarily suspended the certification process of “Nord Stream-2,” the German regulator, the Federal Network Agency Bundesnetzagentur, BNetzA, said in a statement.
The decision is connected with the process of re-registration of the organizational structure of the project.
“The Federal Grid Agency has come to the conclusion that the certification of the “Nord Stream-2″ operator is possible only if the operator brings its organizational and legal form into compliance with German legislation,” the message says.
In accordance with German legislation, a separate subsidiary company will be created to manage the German part of the “Nord Stream-2” gas pipeline.
“The certification procedure will be suspended until the main assets and human resources are transferred to the subsidiary and the German Federal Grid Agency is able to check whether the documentation re-submitted by the subsidiary as a new applicant has been completed,” the regulator added.