In March, Nord Stream 2 attracted borrowed funds in the amount of 404 million euros from its foreign partners — Wintershall, OMV, Shell, Engie, and Uniper — for the construction of the gas pipeline, according to Gazprom's report.
The funds were raised on conditions of a long-term financing agreement signed between the parties in April 2017.
In 2017, foreign partners provided financing to Nord Stream 2 AG in the form of loans, while PJSC Gazprom — through the purchase of additional shares of the project company. Until now, Nord Stream 2 AG has not published information on new additional issues.
Last year, Gazprom and its partner companies provided the Nord Stream 2 project with about 3 billion euros. The project budget amounts to 9.5 billion euros, including interest expenses. Initially, it was envisaged that 30% of the costs would be provided by partners, while 70% would be covered by project financing.
