Nord Stream 2 gas pipeline firm given stay of bankruptcy

Pipes at the landfall facilities of the Nord Stream 2 gas pipline are pictured in Lubmin, northern Germany (Michael Sohn/AP/PA)

A Swiss court has granted a six-month “stay of bankruptcy” to the operating company for the never-opened Nord Stream 2 pipeline, which was built to bring Russian gas to Germany but put on ice shortly before Russia invaded Ukraine in February.

The company’s stay was extended from January 10 through to July 10 by a regional court in the Swiss canton (state) of Zug, according to a notice published on Wednesday in the Swiss Official Gazette of Commerce.