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Bankruptcy of Nord Stream 2 AG suspended until autumn

The operator of Nord Stream 2 received a temporary moratorium on bankruptcy from a court in Switzerland. On May 10, the court of the canton of ... ... court with a request to temporarily stop the company's arbitration litigation with the European Union that arose around the gas directive and its application in early March 2022. June court hearings were cancelled. The gas pipeline itself runs across ...

Nord Stream II preparing for bankruptcy

The operator of the Nord Stream 2 project is about to declare bankruptcy in a few days. The company was in a state of collapse against the backdrop ... ... oil market (Shell, OMV, Engie, Uniper, Wintershall DEA) took financial part, it was planned to increase the volume of natural gas transported to Germany along the bottom of the Baltic. By the end of February, the situation with the project came to a standstill....

Major supplier of electricity collapsed in the UK

... management regime would allow the company to protect its customers by continuing to serve them, appeared on the company's official website. The main factor of collapse of the company was called the extraordinary rise in prices, the reduced volume of gas exported from Russia and the increased demand, which led to the unpredictability of the situation and volatile prices. The press service of the company noted that the repeated rise in prices was associated with the certification of Nord Stream 2 AG, which is to serve Nord Stream 2, suspended in Germany on November 16. Earlier, representatives of the British energy sector reported that Bulb was negotiating with potential investors. However, the company did not manage to complete ...

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