Nord Stream 2 loan puts pressure on Denmark

The company behind the controversial Russian gas pipeline Nord Stream 2 has now been granted a loan of EUR 4.7 billion. This brings the Danish dilemma of whether to allow Russia to lead the gas pipeline through Danish waters one step closer.

Photo: Nord Stream 2 Presse

Russia's plans to construct a gas pipeline in Danish waters are now closer to realization after the state-backed Russian company Gazprom landed a deal with European energy companies to provide financing for upwards of DKK 35 billion (EUR 4.7 billion), reports Danish media Berlingske.

The loan, which corresponds to half the price of the pipeline, is provided by Uniper and Wintershall from Germany, British-Dutch Shell, French Engie, and Austrian OMV.

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