Pipelines, Storage & Power

Nord Stream 2 has secured nearly two-thirds of its financing

Nord Stream 2 has secured €6 billion in financing.
By Staff reporter 3 December 2018 0 33532

Nord Stream 2 has secured €6 billion ($6.8 billion) in financing – nearly two-thirds of the pipeline’s total construction cost – according to Gazprom’s Q3 financial report.

Gazprom’s foreign partners have made €3.3 billion of financing available, including RUB 1.6 billion ($24 million) in long-term financing through 2035 and bridge financing of €1.3 billion through 2019, the report said.

Since the results were published, Gazprom has reported that the Nord Stream 2 project company will receive a further €340 million as part of a...