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    Russia to Overcome EU Members' Opposition to Nord Stream 2 Project - Envoy

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    St. Petersburg International Economic Forum 2017 (183)
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    Opposition to the construction of the Nord Stream 2 pipeline project in Europe will be overcome, Russia's Permanent Representative to the European Union Vladimir Chizhov told Sputnik.

    MOSCOW (Sputnik) — Chizhov spoke on the sidelines of the St. Petersburg International Economic Forum (SPIEF).

    "Of course it will be, primarily because it is a commercial project," Chizhov said Thursday.

    In April, Nord Stream 2 AG, a venture of Russian's Gazprom energy giant and its European partners, signed a deal with OMV, Engie, Royal Dutch Shell, Uniper and Wintershall where the five firms agreed to provide half of long-term financing, estimated at $10.3 billion.

    The launch of the Nord Stream 2 gas pipeline, which is designed to deliver an estimated 55 billion cubic meters of Russian natural gas a year to Germany across the Baltic Sea, bypassing Ukraine, is planned for 2018.

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    St. Petersburg International Economic Forum 2017 (183)
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    Nord Stream-2, St. Petersburg International Economic Forum (SPIEF) 2017
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