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To: jimwatx
“The $11bn gas pipeline across the Baltic Sea, owned by Russia's state-backed energy giant Gazprom, runs from western Siberia to Germany, doubling the capacity of the already-in-use Nord Stream 1 pipeline.”

https://www.aljazeera.com/news/2022/1/25/ukraine-russia-what-is-nord-steam-2-and-why-is-it-contentious

25 posted on 09/30/2022 10:06:03 AM PDT by SmokingJoe ( )
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To: SmokingJoe

AAS I said it was a joint venture, technically you could say Gazprom owns it since they control 51%, but Western companies provided half of the financing and owned the other 49%.

“Gazprom paid half the cost of building Nord Stream 2, with the remainder of the $11 billion pipeline project financed by British oil and gas major Shell (SHEL.L), Austria’s OMV (OMVV.VI), France’s Engie and Germany’s Uniper (UN01.DE) and Wintershall DEA (WINT.UL).”

https://www.reuters.com/markets/europe/exclusive-nord-stream-2-owner-considers-insolvency-after-pipeline-halt-sanctions-2022-03-01/


29 posted on 09/30/2022 10:18:05 AM PDT by jimwatx
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