Nord Stream 2 founds German subsidiary

Schwerin The subsidiary required for the certification of the Nord Stream 2 gas pipeline has been founded. The gas transport company Gas for Europe GmbH is based in Schwerin, as the company announced on Wednesday. The Federal Network Agency suspended a certification process in November and issued a corresponding condition.

Gas for Europe will own and operate the German part of the pipeline, the statement said. This includes the approximately 54-kilometer-long section of pipeline in German territorial waters and the landing station in Lubmin in Mecklenburg-Western Pomerania. Reinhard Ontyd was appointed managing director. He had worked in the management of various energy companies.

According to Gas for Europe, it will now focus all its efforts on meeting the requirements for the continuation of the certification process.

The Nord Stream 2 Baltic Sea gas pipeline from Russia to Germany has been completed but is not in operation. Certification of an independent transport network operator by the Federal Network Agency is still pending.

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