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Gazprom to unveil new financing scheme for Nord Stream-2 project

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Gazprom to unveil new financing scheme for Nord Stream-2 project

The new scheme of financing of the Nord Stream-2 pipeline construction will be presented this month, a Deputy Chairman of Gazprom’s Board, Alexander Medvedev, said in an interview to Financial Times.


He noted that foreign companies are trying to find ways to contribute to construction of the pipeline.

Alexander Medvedev said that, theoretically, Gazprom could handle on its own, the company’s cooperation with foreign partners would allow to avoid it.

As a reference, Nord Stream-2 is a project of construction of a gas pipeline with a capacity of 55 billion of cubic meters per year that runs from Russia to Germany across the Baltic Sea.

The project is estimated at $11 billion.

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