About half of the 9.5 billion euro pipeline is financed
Friday, June 29, 2018

About half of the 9.5 billion euro pipeline is financed

About half of the 9.5 billion euro pipeline is financed, largely by Gazprom and German gas companies, Corcoran told reporters at the World Gas Conference. Nord Stream 2 also is negotiating with five export credit agencies of gas importer countries to provide guarantees for project financing. They are: Germany’s Hermes, Italy’s SACE, Austria’s OeKB, Netherland’s Atradius, and Belgium’s Credendo. Separately, he said shares of Nord Stream 2 have not yet been arrested at the request of Naftogaz, a sequel to the Stockholm gas decision in February.

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