Norwegian energy company Equinor has delayed the re-start of the Hammerfest LNG export plant in northern Norway by six weeks to mid-May 2022 as repair work continues after the 2020 fire at the facility.
Nord Stream II AG, the owner of the new Russian pipeline to bring supplies to Germany, said it registered a subsidiary for the German part of the pipeline to meet German regulatory requirements, though the certification for the project still remained suspended by the Bundesnetzagentur regulator based in the city of Bonn.
German Foreign Minister Annalena Baerbock will meet on Tuesday, January 18, with her Russian counterpart Sergey Lavrov where the delayed Nord Stream II project to provide more Gazprom natural gas supplies to Germany will be top of the agenda and any decisions will affect future LNG and pipeline gas demand in the European Union for 2022.
European pipeline natural gas and LNG prices are set to stay high into 2022 and jumped by as much as $4.70 per million British thermal units after Germany’s energy regulator, the Bundesnetzagentur, suspended the procedure to certify the Gazprom-led Nord Stream II natural gas pipeline under the Baltic Sea from Russia to Germany.