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Germany Says No Decision on Nord Stream 2 Gas Pipeline Before July

  • Regulator waiting for pipeline operator to set up local unit
  • EU gas prices briefly rose on signal that link will be delayed
     
Photographer: Alex Kraus/Bloomberg
Updated on

A regulatory decision allowing natural gas flows to Europe via Russia’s controversial Nord Stream 2 pipeline won’t be made before July, Germany’s federal network agency said.

The regulator, also known as Bundesnetzagentur, halted the certification process in mid-November and asked the Swiss-based operator of the pipeline -- which is owned by Russia’s Gazprom PJSC -- to set up a German subsidiary to comply with European regulations.