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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)

    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.

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