11:09 GMT +312 December 2017
Listen Live
    Nord Stream 2 gas pipeline construction project

    Nord Stream 2 Received All Funds From EU Partners Planned for 2017 - Gazprom

    © Sputnik/ Sergey Guneev
    Business
    Get short URL
    0 43

    Gazprom Deputy Chairman of the Management Committee Alexander Medvedev said that all funds came on the accounts of Nord Stream 2 company as planned.

    BERLIN (Sputnik) — The Nord Stream 2 gas project has received all funds expected to be provided in 2017 by European partner companies, Gazprom Deputy Chairman of the Management Committee Alexander Medvedev 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.

    “All funds came on the accounts of Nord Stream 2 company as planned,” Medvedev said, answering the question of whether European partners had provided previously agreed funds for the project.

    The pipeline will bring some 55 billion cubic meters of natural gas from Russia to Germany across the Baltic Sea. The launch of the pipeline is planned for 2018.

    Related:

    Russia to Continue Discussions With European Commission on Nord Stream 2 - Novak
    Novak to Discuss Nord Stream 2 With EC Vice-President During Meeting in Astana
    Special Conditions for Nord Stream 2 to Harm EU Private Investment - Operator
    European Commission Has No Intentions to Block Nord Stream 2 Project – Source
    Tags:
    Nord Stream 2, Gazprom, Alexander Medvedev, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment