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Austria’s OMV invests 113 mln euro in Nord Stream 2 project in 2019

The Nord Stream 2 gas pipeline is designed to connect the Russian resource base with European customers

MOSCOW, February 6. /TASS/. Austria’s OMV company, one of Gazprom’s five European partners in the Nord Stream 2 gas pipeline project, invested 113 mln euros in the project in 2019, the company said in a report.

"Cash flow from investing activities in 2019 included a cash outflow of EUR (113) mln related to the financing agreements for the Nord Stream 2 pipeline project," the report reads.

According to OMV, 25 mln euro were invested in the project in the fourth quarter of 2019.

Nord Stream 2 project

The Nord Stream 2 gas pipeline, set to run from the Russian coast along the Baltic Sea bed to the German shore, is designed to connect the Russian resource base with European customers. Gazprom’s European partners in the project include Austria’s OMV, Germany’s Uniper and Wintershall, France’s Engie and British-Dutch Royal Dutch Shell.

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