The Nord Stream project consortium has revealed more details of how it will finance the first phase of its 55 Bcm/yr twin gas pipeline project, planned to run from Vyborg near St. Petersburg to Greifswald on Germany's Baltic Coast. A total of 30% of the first-phase costs are being funded by shareholders pro-rata; right now, the partners are Gazprom (51%), BASF-owned Wintershall and E.On Ruhrgas (20% each) and Dutch state Gasunie (9%).
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