![ns2 forums ns2 forums](https://forum.aapanel.com/assets/files/2021-01-28/1611815872-64648-image.png)
13, with these contracts only posting modest gains in the early exchanges relative to the front season. This sentiment has been carried over into Sept. 10 pressured the following two seasons, Summer 2022 and Winter 2022, reflecting market interpretation of this statement. News of Nord Stream 2's physical completion on Sept. Spot prices also received considerable support, with the Platts intraday assessment for the NBP within-day contract climbing 10 p/th on the day to 150.50 p/th, while the day-ahead product rose 11.30 p/th to 150.55 p/th.
![ns2 forums ns2 forums](https://us.v-cdn.net/5019629/uploads/editor/5o/eprhauqu5cuz.jpg)
Its Dutch TTF equivalent rose to Eur59.925/MWh by the same time, up Eur2.05/MWh compared to the Sept. Wholesale European gas markets responded wildly to the news, recording one of the biggest upward opening moves ever seen, and building upon already record-high prices for winter-season delivery.īy 0750 GMT, the British NBP front-winter contract was changing hands at 155 pence/therm, an increase of 6.50 p/th from its Platts Market on Close assessment on Sept. The pipeline must also be technically certified as complete, a task made more difficult by the withdrawal from the project of certification company DNV due to the threat of US sanctions. Should the pipeline begin operations while the case is pending, the operator could be subject to penalties, a BNetzA spokesperson said. Gazprom has reportedly been planning to launch first flows at the start of October, but it seems probable that it would be unable to do so without approval from BNetzA. BNetzA would have to take utmost account of the Commission opinion," they added.
![ns2 forums ns2 forums](https://xenforo.com/community/data/attachments/190/190611-6f27a2c0928633ce1e06c7ab49e6ac88.jpg)
"When the Commission receives that submission, it has two months to react, extendable by another two months under certain conditions. "The Bundesnetzagentur would then be required to submit to the Commission its draft certification decision, requesting the Commission's opinion as prescribed by the amended Gas Directive," the spokesperson said. "NS2 to submit a request for certification to the German regulator before it start its operations," a spokesperson for the European Commission told S&P Global Platts. Once BNetzA publishes its draft decision, it then passes to the European Commission to give its opinion before being returned to the German regulator for a final decision, a process that could also take up to four months. Russia's Gazprom said last month that it could flow 5.6 Bcm of gas via Nord Stream 2 in 2021. The timetable for beginning commercial flows via the 55 Bcm/year capacity Nord Stream 2 is a key factor currently affecting the European gas market, with benchmark prices having broken through the Eur58/MWh mark on continued supply concerns.
![ns2 forums ns2 forums](https://us.v-cdn.net/5019629/uploads/editor/en/5srpi7ijbxmt.png)
The Bundesnetzagentur has four months from this date to produce a draft decision and transmit it to the European Commission," it said. "Nord Stream 2 AG has applied for certification as an independent transmission operator under sections 10 to 10e of the Energy Industry Act and has now submitted all necessary documents," BNetzA said on its website in a Sept. Nord Stream 2 AG applied in late June for the certification with the BNetzA, which has been reviewing the application since then to make sure it was complete. 10, but the operator needs to be certified as a network operator before commercial flows can begin. 8 to produce a draft decision on the application.Ĭonstruction work on Nord Stream 2 was fully completed on Sept. However, the Bundesnetzagentur (BNetzA) said it has up to four months from Sept. Receive daily email alerts, subscriber notes & personalize your experience.