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Nord Stream Completes Phase II Financing

Financing for the Nord Stream project is secured. Today, the company together with its shareholders in the consortium announced the successful signing of Phase II financing of the pipeline project. The project financing for Phase II amounts to 2.5 billion euros. From right to left: Matthias Warnig (Managing Director Nord Stream AG), Andrey Kruglov (Deputy Chairman of the Management Committee and Head of the Department for Finance and Economics Gazprom), Dr. Thomas König (Member of the Board of Management and Director of Labour Relations E.ON Ruhrgas), Paul Corcoran (Financial Director Nord Stream AG), Drs. ir. Henk Chin-Sue (Member of the Executive Board and Chief Financial Officer N.V. Nederlandse Gasunie), Mario Mehren (Vice President Finance and Infomation BASF/Wintershall), Geert Peeters (Interim President and Chief Executive Officer GDF SUEZ)

Categories

Events

Source

Nord Stream AG

Date

March 9, 2011

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