After Russia’s recognition of separatist regions in Ukraine, Germany paused the certification of a gas pipeline under the Baltic Sea. What does that mean for gas prices and climate targets?
22 February 2022
Germany has halted the approval process for the Nord Stream 2 gas pipeline, Europe’s most controversial energy project, following Russia’s move to recognise separatist powers in two regions in Ukraine and its order to deploy troops to those areas.
Olaf Scholz, chancellor of Germany, said today he was pausing the regulatory certification of the 1230-kilometre pipeline under the Baltic Sea, which has been built but isn’t operational. “There has been a dramatic change in the situation,” Scholz tweeted …