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Fund to support Nord Stream 2 founded in Germany

BERLIN, January 19. /TASS/. An environmental fund, owing to which it is intended to protect interests of participants in the Nord Stream 2 gas pipeline project, was founded in Germany, Energy Minister of Mecklenburg-Vorpommern region of Germany Christian Pegel said in an interview published in the Schweriner Volkszeitung newspaper on Tuesday.

The funds supervision service of the Ministry of Justice recognized legal capacity of the new organization, the minister said. "The fund has been established thereby and is now carrying own its own activity," Pegel said.

On January 7, the regional parliament supported the initiative of establishing the environmental fund. Nord Stream 2 AG, the Nord Stream 2 project operator, said that subsequent operation of the gas transport system will be implemented through this company.

The Nord Stream 2 project envisions the construction of two pipeline strings with a total capacity of 55 bln cubic meters per year from the coast of Russia through the Baltic Sea to Germany. To date, 94% of Nord Stream 2 has been finished.