Five European companies to provide 4.75 bln euro to finance Nord Stream 2
Business & Economy
April 24, 2017, 17:36
MOSCOW, April 24. /TASS/. Nord Stream 2 AG has signed agreements with Engie, OMV, Royal Dutch Shell, Uniper and Wintershall for financing of the Nord Stream-2 gas pipeline project, which will provide 50% of the project cost of 9.5 bln euro, according to the Gazprom statement.
According to the company, Nord Stream 2 AG and Engie, OMV, Royal Dutch Shell, Uniper and Wintershall have signed agreements on the financing of the gas pipeline project. The five European companies pledge to provide long-term financing in the amount of 50% of the total project cost.
Thus, the contribution of each company will amount to 950 mln euro. Gazprom will remain the only shareholder of the project company Nord Stream 2 AG.