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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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To: jimwatx
That still makes Gazprom the majority owner.
They built it, they run it, they call the shots.
31 posted on 09/30/2022 10:34:30 AM PDT by SmokingJoe ( )
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