Gas pipeline
Creditors of the Nord Stream 2 have to wait longer
A grace period for the pipeline operator has already been postponed. Now the company of the Russian Gazprom Group is getting two months to prevent bankruptcy.
The highly indebted operating company of Gaspipeline Nord Stream 2 has even more time to repay claims to prevent bankruptcy. The small believers should now only get their money until May 9, as the cantonal court in Zug in Switzerland decided. The broadcaster NDR had previously reported on the extension of the deadline.
Nord Stream 2 AG, which belongs to the Russian Gazprom group, had already received a delay in January. At that time, the cantonal court had decided that all small believers would have to be satisfied “in full” by March 5. Otherwise the bankruptcy via Nord Stream 2 would be opened, the court said at the time. This corresponds to insolvency proceedings in Germany.
As the Nord Stream 2, the Transliq company had applied for the new extension. Neither the court nor transliq answered questions from the German Press Agency.
Attacks on north stream 1 and 2
Nord Stream 2 should deliver Russian gas through the Baltic Sea to Germany. The two strands of the pipeline were finished, but never went into operation. The gas business was put on hold in February 2022 after Russia’s attack. One of the tube strands was destroyed in an attack in September 2022, as was the strands of the North Stream 1 pipeline that has already been put into operation.
dpa
Source: Stern
