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Nord Stream 2 receives full funding

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Gazprom and its European partners provided funds for the Nord Stream 2 gas pipeline construction nearly 100%, allowing for its commissioning, the press service of Nord Stream 2 AG, the pipeline project operator, told. reports that this was reported by Russian media.

"The Nord Stream 2 project is supported with financing in full scope and has all the required money and financial support to commission the gas pipeline. Almost 100% of the required funds have already been provided by the shareholder and financial investors," the company said.

The Nord Stream 2 project envisages 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. The construction was suspended at the end of 2019 when the Swiss pipe-laying company Allseas stopped work due to US sanctions.

2020.12.01 / 09:31
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