Known by its German acronym BMWi, the ministry sent its analysis of the pipeline to the country’s energy regulator, Bundesnetzagentur, on October 26.
The agency has 4 months to finalize the certification process, and has already started the clock on September 8.
The ministry said:
- In its analysis, the Federal Ministry of Economics comes to the conclusion that the issuing of a certification does not endanger the security of the gas supply to the Federal Republic of Germany and the European Union
Once fully operational, Nord Stream 2 could deliver up to 55 billion m3 of natural gas annually.
Both Germany and the EU are currently desperate for energy.
Washington has urged Germany not to fast-track the certification process, saying that Russia should instead deliver the gas via the existing pipelines that transit Ukraine.
Kiev has offered a 50% discount on transit fees for the additional capacity matching that of Nord Stream.
US pressure has so far managed to delay the pipeline’s completion by over 2 years, citing concerns about the EU’s energy security and independence – and urging the Europeans to buy more expensive US LNG.
According to the BMWi, Germany’s security analysis of Nord Stream 2 involved consulting the neighboring and other EU countries, including Estonia, Italy, Latvia, Lithuania, Austria, Poland, Slovakia, Czechia and Hungary.