 "Nord stream 2")
Russia’s controversial Nord Stream 2 pipeline faces another delay after Germany suspended a key step in the approval process, sending European gas prices surging as much as 12%.
Germany’s energy regulator halted the certification process necessary before the new link from Russia can start. The suspension will allow Switzerland-based Nord Stream 2 AG, the operator of the pipeline owned by Gazprom PJSC, to set up a German subsidiary in an effort to meet European Union rules requiring gas producers to be legally separate from entities transporting the fuel.
The watchdog “concluded that it would only be possible to certify an
