This financing comes partly from Nord Stream’s shareholders who are providing investment totaling 30% of the total project cost pro rata to their holding in the company with 70% external project financing coming from the bank market.
OAO Gazprom holds 51%, E.ON Ruhrgas 15.5%, Wintershall Holding 15.5%, Nederlandse Gasunie and GDF Suez each hold 9%.
Line 1 is due for construction completion in April 2011, the start of pipe laying for Line 2 will commence thereafter with completion due in April 2012.
The shareholders of Nord Stream are Gazprom, E.ON Ruhrgas, Wintershall Holding, Nederlandse Gasunie, and GDF Suez.
