Germany Pulls the Plug on Nord Stream 2—Gas Prices Set to Spike
In a surprising move, Berlin has decided to halt the Russian pipeline’s approval. The energy regulator says the company can’t be certified as an independent operator because it’s rooted in Swiss soil.
What This Means for the EU and Ukraine
- Boris Johnson: “The EU is at a crossroads: keep feeding Russia’s gas into a giant pipeline that skips Ukraine, or stand with Ukraine and push for peace.”
- Regulator’s Verdict: “After a thorough review, only a German‑law‑compliant operator can get certified for Nord Stream 2.”
Gas Supply Concerns
Jeremy Weir (Trafigura): “We’re short on gas right now—no winter storages. If the cold snaps, Europe could face rolling blackouts.”
Russian Response
- Aleksander Novak (Deputy PM): “Fast-tracking the pipeline’s certification will help calm the situation.”
With prices set to soar, Europe’s households and businesses are braced for the storm. The question now: will a Swift Arctic wind‑down finally remind us that politics can’t outpace supply? Stay tuned, folks.
