"Gazprom" keeps 50% of Nord Stream 2.
Edited by Rhod Mackenzie / 2015-11-13 06:31:38
Finance Oil and Gas Russia Shares Nord Stream Nord Stream 2 Russia Oil and Gas E.ON Political Gas Gazprom Pipelines Shell Wintershall
The company keeps the control over Nord Stream-2, having sold 1% to Engie.
"Gazprom" has decided to reduce its stake in the future gas pipeline Nord Stream-2 to 50%, having sold 1% to the French Engie. The share of Engie increased to 10%, equaling the shares of other European participants. According to "the Kommersant", the transaction will not lead to loss of control of "Gazprom" over Nord Stream-2. According to analysts, such a loss of control would not help "Gazprom" in obtaining permits from the European Commission for the construction of land extensions of Nord Stream-2 in the EU.
