Swiss-based operating company of Russia’s Nord Stream II pipeline wins a stay of definitive bankruptcy
The bankruptcy procedure for Nord Stream II AG, the Swiss-based operator of the Nord Stream II gas pipeline from Russia to Germany under the Baltic Sea, was extended by six more months until July 2023, according to the Swiss Official Gazette of Commerce.
Russian pipeline gas and LNG competitor Gazprom points to plunge in inventories in Western Europe
Gazprom, the Russian pipeline natural gas supplier in competition to LNG, said it produced slightly more gas in January 2022 than last year, though supplies to Western Europe dropped more than 40 percent during the month compared with January 2021.
Swiss-based Nord Stream II AG said it set up subsidiary in Germany but pipeline still suspended by regulator
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.
