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Oct 23, 2021
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Germany is banned from speeding up certification of Nord Stream 2

Germany is banned from speeding up certification of Nord Stream 2

Gas prices continue to rise.

Asian countries requested additional supplies of liquefied gas, while a cold snap came to Europe, and there was a technical failure with the supply of electricity to the Malnov compressor station of the Yamal-Europe gas pipeline, from where gas is supplied to Germany via Poland. There is almost no free gas left on the market. If something appears, it is immediately contracted at the highest prices.

Gas rises in price throughout Europe. And in Asia, it is predicted that by January the price of gas will rise to peak values, and could reach any amount that the buyer agrees to pay. Serious disruptions have occurred at the gas liquefaction plants, which will reduce supplies by 4 percent, which is equal to the volume of 20 gas carriers. In the United States, the launch of two large gas-liquefying plants is postponed until next year.

The Europeans are now waiting for Germany to agree to start pumping gas via Nord Stream 2. However, Brussels, the United States and a number of European countries, including France, are hindering the start of operation of two strings of this gas pipeline. Analysts from “Energy aspects“Warned that the new gas pipeline from Russia could receive German certification only by July 2022 due to the” international attention “to the project. The French authorities promise to distribute 100 euros to their citizens in order to somehow compensate them for the rise in electricity prices.

Nikolay Ivanov

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