Nord Stream 2 German subsidiary wound up -report

Nord Stream 2 German subsidiary wound up -report
By Reuters
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FRANKFURT -The German subsidiary of the consortium behind the Nord Stream 2 gas pipeline has been wound up, German news portal T-Online reported on Friday citing trade registry documents.

Nord Stream 2 would have doubled Russia's gas export capacity to Germany via the Baltic Sea but Germany withheld permission to operate after Moscow's sent troops into Ukraine last February.

The winding up of Gas For Europe applies retroactively from Jan. 1, dissolving an entity set up to seek German certification to allow it to operate, T-Online reported.

"The Bundesnetzagentur is not in touch with Gas for Europe, a spokesperson for Germany's energy regulator said in a written statement.

"It has no information about a dissolution of the company," the spokesperson said, but noted a provisional debt restructuring moratorium granted to Nord Stream 2 AG, the company's Switzerland-based parent, had been extended until January 10.

Nord Stream 2 was not immediately available for comment.

As-yet unexplained explosions occurred on the parallel Nord Stream 1 pipeline and on one line of the twin-piped Nord Stream 2 in Swedish and Danish waters in September 2022.

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