26 November 2010

Nord Stream Phase II Financing Update

Nord Stream is pleased to confirm that following the recent publication of an Request For Proposal to banks for Phase II project financing, the level of interest is very high with initial subscription levels of more than EUR 4 billion, which means more than 50% oversubscription. EUR 2.5 billion is needed to finance the second phase of the project.

Commenting, Paul Corcoran, Financial Director, said "We are delighted with the level of interest shown in the project and hope to move quickly to sign letters of commitment with selected banks. We are on course to complete this process in early December".

To the Nord stream website

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