USD 94.0742

+0.49

EUR 99.9341

+0.14

Brent 89.52

-0.42

Natural gas 1.676

-0.01

929

Gazprom says Nord Stream 2 project receives fund from European companies

Nord Stream 2 received a total of €324 million.

Gazprom says Nord Stream 2 project receives fund from European companies


Nord Stream 2 AG, the project company established for the Nord Stream 2 gas pipeline, received a total of €324 million (about $388 million) in funds from 5 European companies in July, Gazprom said on August 29, 2017.

«Nord Stream 2 AG borrowed funds totaling €324 mln from 5 European companies in July 2017 under conditions of the long-term financing agreement made among the parties in April 2017,» Gazprom, Russia's state and largest natural gas company, said in a report.

The gas pipelinewill undergo planned maintenance from September 11 to September 22, the Switzerland-based operating consortium said on its website on August 30, 2017.

Annual maintenance, usually carried out in the low demand summer season, requires a temporary shutdown of both lines at once, said the consortium

Earlier, Russian Energy Minister Alexander Novak said the Nord Stream 2 gas pipeline construction project will be implemented in due time despite new U.S. sanctions which allow fining European companies for participation in joint energy projects with Russia, including Nord Stream 2 pipeline project.


Follow us on Google News
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"


Advertising at neftegaz.ru