Nord Stream 2 inked financial deals with Shell and four other European energy companies

25/04/2017 11:33 Natural Gas


Nord Stream 2, the company in charge with planning, constructing and future operation of the Nord Stream 2 pipeline, inked financial deals with Shell and four other European energy firms - ENGIE, OMV, Uniper and Wintershall.

The length of the pipeline is 1,220 km and it will transport around 55 billion cubic meters of natural gas a year. It will traverse from the coast of Russia through the Baltic Sea to Greifswald in Germany – being a direct link between Russian reserves and European consumers.


The five energy firms have committed under the deals to assure financing for about 10% of the total cost of the project, which is presently valued at €9.5 billion.


Each company will offer a long-term backing facility of €285 million likely to be drawn down in 2017. Moreover, financing of around €665 million will be supplied to cover a combination of short and long-term funding and guarantees.


Gazprom stays the single shareholder of Nord Stream 2 AG.

Daily (26.06.2017): European day-ahead electricity prices declined by 25% on Friday

26/06/2017 11:19:00

Oil traded higher on Friday, due to falling crude inventories in the U.S., as a fundamental factor that supported prices.


Alinta and Delta compete for Engie's Australian coal-fired plant

26/06/2017 11:21:00

Chinese-owned Alinta Energy and a private Australian company are among the firms competing for the purchase of a coal-fired power plant in Australia from France's Engie SA, a sale that could bring in $1 billion, as mentioned by people familiar with the process.


Poland: Russian gas supplies restart after break

26/06/2017 09:20:00

Poland started on Friday accepting gas deliveries again from Russia through the Yamal pipeline which were stopped two days earlier because of poor quality of gas, as stated by the Polish state-operated gas transit company Gaz-System.