MOSCOW, March 1. /TASS/. One of the financial investors of the Nord Stream 2 project, the Austrian company OMV, said it will reconsider its participation in the construction of the gas pipeline, OMV said in a statement.

The company is also withdrawing from negotiations with Gazprom on the purchase of a 24.98% stake in the project to develop sections 4A and 5A of the Achimov deposits of the Urengoy field.

"Today, the Executive Board of OMV has decided to not further pursue negotiations with Gazprom on the potential acquisition of a 24.98% interest in the Achimov 4A/5A phase development in the Urengoy gas and condensate field and to terminate the Basic Sale Agreement dated October 3, 2018," according to the statement.

Gazprom owns 74.99% in Achim Development, Wintershall Dea holds 25.01%.

In October 2018, Gazprom and OMV signed an agreement according to which OMV was to receive 24.98% in the project to develop sections 4A and 5A of the Achimov deposits of the Urengoy field.

As a result of the deal, Gazprom's share would have dropped to 50.01%.

Earlier, Royal Dutch Shell announced the withdrawal from all joint projects with Russia because of the situation in Ukraine.