In 2017, the French company Engie allocated €298 million to finance a project of the Nord Stream 2 gas pipeline construction, Rambler News reports on Monday citing the company’s message.
“Investments during the period included... financing of the Nord Stream 2 pipeline project (€298 million),” the message reads.
At the end of April 2017, Engie, OMV, Royal Dutch Shell, Wintershall, and Uniper signed a financing agreement for the Nord Stream 2 gas pipeline project. A total amount of the funds the partners pledged to invest amounted to €4.75 billion. Under the agreement, the companies committed to providing a long-term financing in the amount of 50% of the total cost of the project which is currently estimated at €9.5 billion. The contribution of each company will amount to €950 million. The only shareholder of the project company Nord Stream 2 AG remains the Russian gas giant Gazprom.
As a reference, Nord stream 2 is a 1,220 km long gas pipeline from Russia to Germany going through the Baltic Sea with a capacity of 55 billion cubic meters per year.