NORD STREAM 2 FINANCING

REUTERS - Russian energy giant Gazprom will still be able to finance the Nord Stream 2 gas pipeline project even if U.S. sanctions are imposed on Western European partners in the project, an executive told a German newspaper.

"The project will definitely be financed. It is important for Gazprom and Russia currently has a high liquidity in euros," Paul Corcoran, the Nord Stream 2 CFO, told Welt am Sonntag in an interview.

He said that sanctions against Russia could even result in more financing options for Nord Stream because they have helped increase Moscow's foreign exchange reserves.

His comments come after Germany said on Friday it had been assured by the United States that any sanctions imposed on Russia would not affect the building of a gas pipeline to bring Russian gas to Europe - even though the United States said there had been no change in its policy.

The Nord Stream 2 consortium, an initiative of five European companies and Gazprom, started preparatory work in the Greifswald Bay off Germany's Baltic coast on a new twin pipeline last month.

The new pipeline will double Russia's export capacity of 55 billion cubic meters to Germany.

Eastern European and Baltic states fear it will increase Europe's reliance on Russian gas and undermine Ukraine's lucrative gas transit route. The United States also opposes it, contending that it could undermine Europe's energy security.

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Earlier:

2018, July, 2, 11:55:00 NORD STREAM-2: NO SANCTIONS REUTERS - Germany has been assured by the United States that any sanctions imposed on Russia will not affect the building of a gas pipeline to bring Russian gas to Europe, a spokeswoman for the German economy ministry said on Friday.

2018, June, 27, 11:10:00 СОТРУДНИЧЕСТВО РОССИИ И ЕВРОПЫ МИНЭНЕРГО РОССИИ - в ходе переговоров был актуализирован статус реализации совместных инфраструктурных проектов «Северный поток-2» и «Турецкий поток», направленных на диверсификацию маршрутов транзита газа и повышения энергетической безопасности ЕС.

2018, June, 27, 10:55:00 U.S. - NORD STREAM SANCTIONS OGJ - Sandra Oudkirk, deputy assistant secretary for energy diplomacy at the US Department of State, confirmed that the Trump administration has received several requests to sanction the proposed Gazprom-sponsored pipeline that would extend from Russia beneath the Baltic Sea to Germany.

2018, June, 22, 13:15:00 GAZPROM FOR GERMANY: +13% GAZPROM - The meeting highlighted that Germany continued to ramp up its imports of Russian gas. According to preliminary data, from January 1 through June 19, 2018, Gazprom supplied Germany with 28.2 billion cubic meters of gas, an increase of 13.1 per cent from the same period of 2017. Русский | English

2018, June, 13, 13:05:00 U.S. - RUSSIA SANCTIONS ANEW U.S.DT - the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated five Russian entities and three Russian individuals under Executive Order (E.O.) 13694, “Blocking the Property of Certain Persons Engaging in Significant Malicious Cyber-Enabled Activities,” as amended, and Section 224 of the Countering America’s Adversaries Through Sanctions Act (CAATSA).

2018, June, 8, 13:10:00 ШВЕЦИЯ РАЗРЕШИЛА "СЕВЕРНЫЙ ПОТОК-2" ГАЗПРОМ - компания Nord Stream 2 AG получила разрешение на строительство и эксплуатацию газопровода «Северный поток — 2» в шведской исключительной экономической зоне (ИЭЗ). Разрешение Правительства на участок протяженностью приблизительно 510 км в шведской ИЭЗ было выдано Министерством по предпринимательству и инновациям, которое отвечает за рассмотрение заявки. Газопровод «Северный поток — 2» протяженностью около 1230 км будет построен для транспортировки природного газа из России в ЕС через Балтийское море.

2018, June, 6, 12:05:00 ГАЗПРОМ - OMV: ДО 2040 ГАЗПРОМ - Председатель Правления ПАО «Газпром» Алексей Миллер и Председатель Правления OMV AG Райнер Зеле подписали Соглашение о продлении действующего контракта между ООО «Газпром экспорт» и OMV Gas Marketing & Trading GmbH на поставку российского природного газа в Австрию до 2040 года. Ранее контракт действовал до 2028 года.