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Austrias OMV is ready to provide extra funding for Nord Stream-2

May 12, 2017/ 09:36

Berlin.OMV is ready to provide additional funding for the Nord Stream-2 pipeline project, if required. he company’s CEO Rainer Seele said at a panel discussion held at the Russian embassy in Berlin.
"If additional funding is required, we, as OMV, will make it possible," he said.

Earlier, Gazprom and five European companies - Engie, OMV, Royal Dutch Shell, Uniper and Wintershall - agreed on a new model for financing the Nord Stream-2 gas pipeline project, which had been negotiated since August 2016.

As a result, the following decision was found: Gazprom remains the sole shareholder of the project company Nord Stream 2 AG, and European companies will provide long-term financing in the amount of 50% of the total cost of the project, which is now estimated at 9.5 billion euros, informs TASS.

 

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