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Bundestag member from “Left” Klaus Ernst said that the suspension of the certification process for Nord Stream 2 AG as an independent operator of Nord Stream 2 would lead to higher prices.
The MEP pointed out that the federal agency should urgently certify “pipelines essential for gas supply”. Instead, it “unnecessarily delays commissioning by its interpretation of the law.” He stressed that the energy sector is a central element of infrastructure, but that ideological barriers “should not pose a threat to supplies in this area.” … Today they traded for $ 1,100 per thousand cubic meters of gas. Compared to the estimated price on Monday, November 15, they thus increased by 17.8%. Fitch commented on a previous decision by the German federal network agency to suspend the certification of Nord Stream 2 AG as the operator of the Nord Stream 2 pipeline. As Dmitry Marinchenko, head of the Natural Resources and Raw Materials Group, said, “we are talking about procedural, not political, issues.” He also noted that “certification is relatively slow” and suggested that the project could be launched at the end of the heating season at the earliest.