Matthias Warnig steps down as Nord Stream 2 operator

Matthias Warnig steps down as CEO of operator Nord Stream 2

Matthias Warnig is stepping down as CEO of Nord Stream 2 operator Nord Stream 2 AG. This was announced by the company. Going forward, as mentioned, the activities of Nord Stream 2 AG will be managed by the steering committee, which will be headed by the administrator of Transliq AG.

The company “appreciates the outstanding leadership and invaluable contributions” of Warnig. Nord Stream 2 AG’s comment highlights the merits of the already ex-leader on the “long and difficult path of creating a large cross-border energy supply infrastructure”.

The Nord Stream 2 gas pipeline (with a capacity of 55 billion cubic meters of gas per year) connects the Slavyanskaya compressor station in the Kingisepp district of the Leningrad region to the Baltic coast of Germany.

The German authorities have stopped the pipeline certification process. The United States placed the project company Nord Stream 2 AG on the sanctions list and the company was forced to terminate contracts with personnel.

Both lines of the line are filled with gas and are ready for operation. One of the wires, as you know, was damaged in September last year due to explosions.

Now Nord Stream 2 AG is under a bankruptcy moratorium until July 10 this year.