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.
