Wintershall Holding GmbH, a German major gas and oil company, will transfer its portion of funding of Nord Stream II pipeline construction in the amount of 285 million euro within a couple of days.
This is what the head of the company, Mario Mehren, told reporters on Friday, within the framework of 2017 St. Petersburg International Economic Forum in Russia. According to him, these funds are already fully available.
We should remind you that Russian gas giant Gazprom, due to sanctions imposed against Russia, remains the only shareholder of the project company Nord Stream 2 AG. In order to avoid these sanctions, five European partner companies – French Engie, Austrian OMV, Royal Dutch Shell, as well as German Uniper and Wintershall – have signed agreements on a new funding model for the project.