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Nord Stream Completes Phase I Financing; 3.9 Billion Euros Secured in Challenging Project Finance Market; Pipeline Project Confirms Financial Backing from 26 Banks; Construction of Nord Stream to Start on Schedule in April

ENP Newswire 2010, March 17

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ENPNewswire-17 March 2010-Nord Stream completes Phase I financing; 3.9 billion euros secured in challenging project finance market; Pipeline project confirms financial backing from 26 banks; Construction of Nord Stream to start on schedule in April(C)2010 ENPublishing - Release date- 16032010 - Zug/London - Nord Stream together with its shareholders in the consortium, Gazprom, BASF/Wintershall GmbH, E.ON Ruhrgas AG and N.V. Nederlandse Gasunie today announced the successful signing of Phase I financing of the pipeline project. The financing for Phase I amounts to 3.9 billion euros and paves the way for construction of the first line of Nord Stream to start as scheduled in April 2010.