This investment will be implemented via the purchase of new stock in Switzerland-registered company Nord Stream 2, which operates the subsea section of the planned gas export pipeline across the Baltic Sea from Russia to Germany.

According to a Gazprom disclosure, all new stock will be offered solely to the Russian gas monopoly — which will maintain its 100% stake in Nord Stream 2 — and not to five European companies that agreed to become minority partners in the project in 2015.

Industry