General Announcement::Nord Stream 2 AG and European energy companies sign financing agreements

Issuer & Securities

Issuer/ Manager
JSC GAZPROM
Securities
PJSC GAZPROM GDR - US3682872078 - AAI
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
25-Apr-2017 15:02:18
Status
New
Announcement Sub Title
Nord Stream 2 AG and European energy companies sign financing agreements
Announcement Reference
SG170425OTHR6UHJ
Submitted By (Co./ Ind. Name)
Horizon LLC/ Anastasia Obukhova
Designation
Senior Analyst
Description (Please provide a detailed description of the event in the box below)
Nord Stream 2 AG signed financing agreements for the Nord Stream 2 pipeline project with ENGIE, OMV, Shell, Uniper and Wintershall.

These five European energy companies have committed to provide long-term financing for 50 % of the total cost of the project, which is currently estimated to be 9.5 billion. Each European company will fund up to 950 million. Gazprom is and will remain the sole shareholder of the project company, Nord Stream 2 AG.

Attachments

2017.04.24 Nord Stream 2 project.pdf
Total size =191K