The Power Within: The Kyiv Independent’s first-ever magazine. Be among the first to get it.

pre-order now
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

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.

News Feed

5:03 PM

Azov ex-commander on the need to reform Ukraine's army.

The Kyiv Independent's Francis Farrell sits down with the former commander of Ukraine's Azov Brigade, Lieutenant Colonel Bohdan Krotevych, to discuss the situation on the front line after three years of Russia's full-scale war, why he thinks Ukraine should change its culture of military leadership, why the U.S. army doctrine wouldn't work for Russia's war against Ukraine, and shares his takes on Russia's next steps after a potential ceasefire.
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
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.