Loading ...German Regulators Suspend Nord Stream 2 Approval; European Gas Prices Surge
European natural gas prices surged as much as 12% Tuesday after Germany’s energy regulator unexpectedly suspended a key steop in the approval process for the Nord Stream 2 pipeline. According to Bloomberg, the Federal Network Agency halted the Nord Stream certification process necessary to pump natgas directly from Russia into Germany. It was initially expected the certification would’ve been completed in early 2022, but that now appears to be unlikely.