Company

Nord Stream AG*, a joint venture company, was established 2 December 2005 with the purpose of carrying out feasibility study and building the Nord Stream Pipeline. Gazprom holds a 51 per cent stake in the joint venture. BASF/Wintershall and E.ON Ruhrgas hold 20 per cent each. Gasunie has a 9 per cent stake.

(* initially established as North European Gas Pipeline Company, the name was changed to Nord Stream in October 2006)

Location

Headquarter: Zug, Switzerland; Branch office: Moscow.

Expertise

The company will have a staff of 70, including experienced international experts. Project management will be to the highest standards and best practice. Nord Stream AG involves leading European consultants on environmental, technical and financial issues.

Corporate Governance

The Shareholder Committee consists of top managers representing each of the Shareholders. Chair of the Shareholder Committee is Gerhard Schroeder, ex-chancellor of Germany.

Company Structure