Nord Stream 2 German subsidiary wound up -report

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Nord Stream 2 German subsidiary wound up -report
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The German subsidiary of the consortium behind the Nord Stream 2 gas pipeline has been wound up, German news portal T-Online reported on Friday citing trade registry documents.

Nord Stream 2 would have doubled Russia's gas export capacity to Germany via the Baltic Sea but GermanyThe winding up of Gas For Europe applies retroactively from Jan. 1, dissolving an entity set up to seek German certification to allow it to operate, T-Online reported.

"The Bundesnetzagentur is not in touch with Gas for Europe, a spokesperson for Germany's energy regulator said in a written statement. "It has no information about a dissolution of the company," the spokesperson said, but noted a provisional debt restructuring moratorium granted to Nord Stream 2 AG, the company's Switzerland-based parent, had been extended until January 10.

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