• Austria's OMV has transferred 200 million euros to the "Nord stream-2"

  • Austrian oil and gas company OMV (Österreichische Mineralölverwaltung AG) has translated into the construction of the pipeline "Nord stream-2" of 200 million euros. This was announced by CEO Rainer Seele, reports Reuters.

    However, he noted that the new US sanctions do not facilitate the funding of this project. According to him, it is too early to say what consequences for Russia will be the new US sanctions, however, he expressed the hope that the financing of the project "Northern stream-2" will go according to plan.

    2 August the US President Donald trump signed the law on new anti-Russian sanctions. The document, in particular, provides a reduction of up to two weeks maximum term of financing of banks, which are under sanctions, and 30 days — for oil and gas companies.

    At the end of July, the French Corporation Engie said, what can stop funding the project of the pipeline "Nord stream-2" because of new U.S. sanctions. This was stated by Deputy General Director of the company Pierre Sharar.

    "Nord stream-2" gas pipeline from Russia to Germany through the Baltic sea with a length of 1220 kilometers, and a capacity of 55 billion cubic meters per year. Its construction should begin in 2018 and be completed in late 2019. Besides Engie and Shell, the agreement on financing the "Nord stream-2" was signed by OMV, Wintershall and Uniper. They should provide long-term financing in the amount of 50 percent of the total cost of the project is 9.5 billion euros.

    http://lenta.ru

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