Gas prices soar after setback for Russian pipeline

UK and EU https://independent.academia.edu/ThorJons wholesale gas prices have risen by 17% after Germany's energy regulator suspended approval of the controversial Nord Stream 2 natural gas pipeline from Russia to Germany. https://advertisingflux.com/place-free-ads-usa/?step=finish&listing_id=295702&transaction_id=c79b057054c3a8e8e0d973bfa8982d99 It said the pipeline's operating company needed to be compliant with German law before it would certify the €10bn (£8.4bn) project. https://www.thebestof.co.uk/local/abingdon/members/view/profile/?id=6194ab4afb70e710dc58db9f Critics fear the pipeline will increase Europe's energy dependence on Russia.

The pipeline https://www.hltv.org/profile/1499319/tharjons was finished in September, but it had been beset by delays. Running under the Baltic Sea, Nord Stream 2 will double Moscow's gas exports to Germany, https://tharjons.picturepush.com/album/3080110/16451939/Picture-Box/Owl-Premium-CBD-Gummies.html but it will also circumvent Ukraine, which relies on existing pipelines for income and would be hard-hit by the https://8tracks.com/tharjons loss of transit fees.

German businesses https://www.yumpu.com/en/document/view/65986959/owl-premium-cbd-gummies have invested heavily in the 1,225km (760-mile) pipeline and former Chancellor Gerhard Schröder has played a big role in https://www.c-sharpcorner.com/members/thor-jons its development. Gas prices were already high before this latest setback for the project. A cold winter in Europe last year put further pressure on supplies and, as a result, https://www.bmx-forum.com/members/tharjons.119107/#about stored gas levels are much lower than normal.

Political weapon

The German http://rise-up.co.uk/yclas/yclas/user/thor-jons regulator said "it would only be possible to certify an operator of the Nord Stream 2 pipeline if that operator was organised in a legal form under German law". The decision is https://www.iglobal.co/united-states/new-york/owl-premium-cbd-gummies-1 likely to set the project back several months and even when it receives German approval it will require a green light from https://forums.pangolin.com/members/thor-jons.46977/ the European Commission.

The regulator said its http://www.xcomplaints.com/complaint/general-health-c102972.html approval procedure would remain suspended until "the main assets and human resources" had been transferred from the Swiss-based http://www.canetads.com/view/item-3204603-Owl-Premium-CBD-Gummies.html Nord Stream 2 parent company to its German subsidiary, which owns and operates the German part of the pipeline. Ukraine has opposed Nord Stream 2, described by President Volodymyr Zelensky as a "dangerous https://freewebsitetemplates.com/members/Thor%20Jons/ geopolitical weapon".

This week, UK Prime https://www.247adverts.com/for-sale/health-beauty/owl-premium-cbd-gummies_i275770 Minister Boris Johnson said a choice was coming shortly "between mainlining ever more Russian hydrocarbons in giant http://www.innetads.com/view/item-2071494-Owl-Premium-CBD-Gummies.html new pipelines and sticking up for Ukraine and championing the cause of peace and stability". German Chancellor Angela Merkel said recently that further sanctions might be imposed on Russia if it used the http://www.usnetads.com/view/item-131648565-Owl-Premium-CBD-Gummies.html pipeline against Ukraine.

The German regulator's https://startupmatcher.com/p/thorjons decision to suspend certification has been welcomed by Ukrainian energy firm Naftogaz. And Polish gas company PGNiG responded with a call for energy solidarity in the EU to ensure security of supplies. The Nord Stream 2 consortium declined to comment on https://brainly.in/question/48588350 possible delays to gas exports.

Under the EU's gas https://link.shutterfly.com/YglQTn1Iflb directive, gas producers have to be separate from the company that owns the pipeline. As well as Germany's Uniper and BASF's Wintershall unit, other European companies have https://www.merchantcircle.com/owl-premium-cbd-gummies-new-york-ny stakes too, including Anglo-Dutch Shell, OMV of Austria and Engie of France.

Germany's government https://www.tripoto.com/profile/thorjons estimates that "natural gas will continue to make a significant contribution to energy supply in Germany over the coming decades", saying it is "more climate-friendly https://www.skyscrapercity.com/members/tharjons.1626744/#about compared to other fossil fuels as it produces less CO2".

But environmentalist https://www.pressnews.biz/@tharjons/https-wwwtodaykhoecom-buy-owl-premium-cbd-gummies-4y8ej475q3p5 groups in the country such as Deutsche Umwelthilfe oppose Nord Stream 2, arguing that it is incompatible with Germany's emissions goals in the battle against man-made https://tharjons.podbean.com/ climate change.

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