Skip to content
Edit post

Nord Stream 2 certification put on hold, gas prices soar

by Alexander Query November 16, 2021 9:56 PM 1 min read
The Nord Strem 2 pipe laying vessel Audacia seen on Nov. 8, 2018, close to Ruegen island, Germany. (Axel Schmidt)
This audio is created with AI assistance

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

Germany’s energy regulator announced on Nov. 16 that it had temporarily suspended the pipeline’s certification process, which would allow it to start operating when approved. The regulator said that Russian gas monopoly Gazprom had not yet set up an operating subsidiary that complied with German law.

Following the news, European gas futures soared by over 14%.

U.K. Prime Minister Boris Johnson warned on Nov. 15 that the West must soon choose between reliance on Russian gas and supporting Ukraine.

Nord Stream 2 is an undersea gas pipeline from Russia to Germany that bypasses Ukraine. Upon its launch, Ukraine may lose up to $2 billion in annual transit fees as well as a deterrent against increased Russian aggression.

Before you skip this banner, we want to tell you something…

The Kyiv Independent doesn’t depend on a wealthy owner or an oligarch — in 2023, 80% of our revenue was from reader contributions . It’s thanks to them that we don’t have to rely on a single owner.

Support us now and help maintain our independent model and keep our articles free for everyone. Your contributions allow us to cover journalists’ salaries, report from the front lines, and fund projects like our War Crimes Investigations Unit.

visa masterCard americanExpress

News Feed

Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
2:54 PM

Media: Italy may send Storm Shadow missiles to Ukraine, sources say.

"A batch of" Storm Shadow missiles and another SAMP/T air defense system will reportedly be included in the ninth aid package for Ukraine, which Italian Defense Minister Guido Crosetto will present by the end of June, Italian newspaper Il Fatto Quotidiano reported on June 18, citing unnamed sources familiar with the matter.
1:43 PM

Zelensky signs law on single roaming zone with EU.

Under the "roam like at home" (RLAH) program, Ukrainians will not pay additional charges to use their mobile phone for communications and the Internet in the 27 EU countries. The same rules will apply to users of European operators traveling to Ukraine.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.