Indebted Nord Stream 2 belonging to Russian Gazprom For now, she has avoided bankruptcy and can continue looking for a new investor. The court in the Swiss canton Zug approved a debt restructuring agreement. The company's rejection by the company would mean – according to Swiss law, bankruptcy proceedings. Nord Stream 2, an operator of the same name gas pipeline at the Baltic Seahas its headquarters at Zug, Switzerland.
As the court informed, 30 April main creditors like ENGIE, OMV, Shell, Uniper and Wintershall energy groups reached an agreement on the debt restructuring agreement. Since the court's decision is still entitled to an appeal, the details have not yet been disclosed.
According to the DPA agency, the main creditors probably accepted large losses. Their investments amounted to billions euro; construction of the Nord Stream 2 gas pipeline 2which has never been launched, it cost almost ten billion euros. Negotiations over the debt restructuring agreement lasted two and a half years.
Compensation for smaller investors
Pursuant to the court's decision from January this year. claims of smaller creditors, including numerous construction companies from the German Mecklenburg region, frontwhere the gas pipeline ends, they were to be fully satisfied. At least some have recently confirmed that their invoices were regulated.
The Nord Stream 2 gas pipeline was to transport natural gas from Russia to Germany Two threads under the Baltic Sea, 1200 kilometers long. He was completed but was never launched. Soon After the Russian invasion of Ukraine in February 2022. The German government suspended their consent to commission the investment. One of the threads of the pipeline was damaged as a result of sabotage in September 2022, like the Nord Stream 1 gas pipeline threads, which has been active since 2011.
Americans interested in taking over the gas pipeline
Recently, there were reports in the media that Nord Stream 2 American investors are interested. Businessman and supporter of US President Donald Trump, Stephen P. Lynch said journal “Wall Street Journal” that it would be a unique opportunity for energy to be delivered to Europe under American and European control. His idea is Transporting Russian gas with American gas pipeline to Europe. Lynch has been active in Eastern Europe and Russia for 20 years.
It was also speculated that the gas pipeline could be part of an American-Russian agreement on the end of the war in Ukraine. Russian Foreign Minister Sergei Lavrov admitted to March in an interview with state television that The topic of the Nord Stream gas pipeline is discussed.
The article comes from the website Deutsche Welle.