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Gazprom May Face Extra Costs on Nord Stream 2 As EU Firms Renege on Deals

RUSSIA
  • Gazprom may face an extra EUR 600-650m in costs (of total 4.75bn promised by EU partners) on Nord Stream 2 after European partners say they will allocate less funding
  • NS2 says is has enough funding to complete the project as the project's 9.5 bln euro budget was approved with a safety margin.- Final cost is estimated at 8.5 bln euro.
  • However, since construction has been delayed by a year and a half amid US sanctions, the budget could have increased - TASS
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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