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    Launch of second section of Nord Stream gas pipeline

    German Wintershall to Transfer 285 Mln Euros to Nord Stream 2 Operator in 2 Days

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    St. Petersburg International Economic Forum 2017 (183)
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    The CEO of German energy company Wintershall, Mario Mahren, said Friday his firm plans to transfer 285 million euros ($319.7 million) to the operator of the Nord Stream 2 pipeline project in two days.

    ST. PETERSBURG (Sputnik) — Mahren told reporters at the St. Petersburg International Economic Forum (SPIEF) that the financing agreement among the Nord Stream 2 project's participants fully covers the operator's construction needs.

    Sputnik is an official media partner of SPIEF.

    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.

    Topic:
    St. Petersburg International Economic Forum 2017 (183)
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    Nord Stream 2, St. Petersburg International Economic Forum (SPIEF) 2017, Wintershall, Russia, Germany
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