Gazprom to disclose Nord Stream 2 financing arrangement by end of March - deputy CEO
MOSCOW. March 3 (Interfax) - Gazprom will disclose the arrangement for financing construction of the Nord Stream 2 gas pipeline before the end of March, Gazprom Deputy CEO Alexander Medvedev said in an interview with the Financial Times.
Gazprom had signed an agreement with its European partners on financing the project in the framework of a project company, but Polish regulators effectively preventing Nord Stream 2 AG from becoming a joint venture. Gazprom and its European partners later said that they would seek a new cooperation arrangement.
"Theoretically, Gazprom could carry the whole cost but I believe that our cooperation with our partners will not allow us to do it," Medvedev told the Financial Times.
Nord Stream 2 will cost an estimated 8 billion euro or 9.9 billion euro including financing and operating costs.
