News // Companies
Gazprom says Nord Stream 2 project receives fund from European companies
30 August 2017 , 16:05Neftegaz.RU604
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.
18:00 16.03.2018Balticconnector gas pipeline to cost €135 million on Estonian side
16:09 16.03.2018Russia and Ukraine to discuss latest gas dispute by end-March
10:12 16.03.2018The European Investment Bank agrees $1.15 billion investment for TANAP gas pipeline
10:10 15.03.2018Gazprom to cut overseas jobs, move traders back to Russia