Russia’s future spacecraft to be equipped with fully isolated toilet cabinScience & Space March 28, 17:03
Lavrov vows that Moscow won’t leave Donbass residents 'high and dry'Russian Politics & Diplomacy March 28, 16:19
Top military brass warns US missile defense ships in Black and Baltic seas can hit RussiaMilitary & Defense March 28, 15:57
Top military brass warns nearly all low-orbit satellites within reach of US missilesMilitary & Defense March 28, 15:09
New Russian spacecraft designed for lunar missions to be run by fail-safe computerScience & Space March 28, 14:56
Putin hails Iran as Russia’s reliable and stable partnerRussian Politics & Diplomacy March 28, 14:17
Military expert warns US ABMs can detect any missile shield, even Russian onesMilitary & Defense March 28, 14:02
Scientists create modified fullerene capable of fighting HIVScience & Space March 28, 13:47
Kremlin notes Russian bank's contacts with Trump's son-in-law 'usual business practice'Business & Economy March 28, 13:28
MOSCOW, August 18. /TASS/. The decision of Gazprom and European oil and gas companies to give up establishment of a joint venture for the Nord Stream-2 gas pipeline construction project will hardly influence on implementation of the project, S&P international rating agency said on Thursday.
Gazprom and its European partners Engie, OMV, Shell, Uniper and Wintershall submitted earlier an application for establishment of the joint venture to antimonopoly regulators in Germany and Poland. Germany approved the decision but the Polish regulator presented objections.
Companies later withdrew their application for the joint venture under the Nord Stream-2 furnished to the Poland’s authority.
The decision will have a "limited impact" on the project because the shareholders’ equity portion in project financing is just 30%, S&P analysts said.
At the same time, such changes expose the project to higher political risks in the longer run, S&P credit analyst Alexander Gryaznov said.
The Nord Stream-2 project includes the construction of two lines of the offshore gas pipeline with a total capacity of 55 bln cubic meters of gas a year from Russia to Germany under the Baltic Sea, in addition to the existing two lines. The project is to be implemented by the new engineering company New European Pipeline AG. The stakes of partners in Nord Stream 2 AG will be distributed as follows: Gazprom will hold 50%, while Uniper, BASF/Wintershall, Shell, OMV and ENGIE will own 10% each.