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Nord Stream 2 partners to complete financing model talks in coming weeks — Engie CEO

March 09, 2017, 20:17 UTC+3
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HOUSTON, March 9. /TASS/. Final decision on the Nord Stream 2 gas pipeline project financing model can be made in coming weeks, Chief Executive Officer of Engie Isabelle Kocher said on Thursday at CERAWeek conference.

"We [project partners - TASS] are very close to the end. So what I expect is in coming weeks we will be able to finalize," Kocher said responding to the question regarding financing model selection progress. 

The Nord Stream 2 pipeline is expected to come into service at the end of 2019. The pipeline is set to run from the Russian coast along the Baltic Sea bed to the German shore. Each of the pipeline’s two lines will have a capacity of 27.5 billion cubic meters. The new pipeline will double the capacity of the first stretch and will basically follow its route.

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