Spiegel learned about Germany’s plans to nationalize part of Nord Stream 2

According to the publication, the plan is being developed by the German Ministry of Economy. It is assumed that the section running through the territory of Germany will be cut off from the main part of the gas pipeline and connected to the floating LNG terminal

The German Ministry of Economy is considering the possibility of nationalizing a fragment of Nord Stream— 2», which is located on the territory of the country, writes Spiegel.

After that, the German part will be cut off from the rest of the pipeline and can be connected to a floating LNG terminal, the publication explains. This section is already included in the country's gas transportation system, and it will be possible to supply gas to the south of Germany through it.

Spiegel also points to the shortcomings of such a plan. Firstly, it may take a long time to agree on changes: the territory along which the pipeline is laid is protected as part of the pan-European Natura 2000 network, and the requirements will be strict. There are also legal difficulties associated with the project operator— Swiss company Nord Stream 2 AG.

Press Secretary of the President of Russia Dmitry Peskov declined to comment on the publication in the absence of official statements and specific actions.

Nord Stream — 2″ runs along the bottom of the Baltic Sea through the waters of Russia, Germany, Denmark, Finland and Sweden, it was completed last year. The German authorities suspended the certification of the project after Russia recognized the independence of the DPR and LPR. The US Treasury has sanctioned the pipeline operator and its chief executive, Matthias Warnig, freezing their assets and isolating them from the dollar system.

After that, Reuters, citing sources, reported that Nord Stream 2 AG is considering filing for bankruptcy. The company laid off 106 employees, but declined to confirm reports that bankruptcy proceedings have begun. In May, a court in Switzerland suspended the company's bankruptcy process until September 10, giving the Nord Stream operator 2″ temporary moratorium on payments to creditors. Transliq AG has been appointed interim manager.

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The head of “Gazprom” Alexey Miller said in June of this year that the gas pipeline is under pressure and gas can be delivered to Europe even now through it. The company redirected the project's unclaimed capacities to the north-west of Russia.

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