Wintershall Invested 65% Of Planned 950 Mln Euros In Nord Stream 2 - Company

Wintershall, Germany's largest crude oil and natural gas producer, has invested two-thirds of the planned 950 million euros (over $1 billion) in Nord Stream 2 gas pipeline construction project, the remaining investment amounts to 330-335 million euros, the company's CEO Mario Mehren said Thursday

KASSEL (Germany) (UrduPoint news / Sputnik - 21st March, 2019) Wintershall, Germany's largest crude oil and natural gas producer, has invested two-thirds of the planned 950 million Euros (over $1 billion) in Nord Stream 2 gas pipeline construction project, the remaining investment amounts to 330-335 million euros, the company's CEO Mario Mehren said Thursday.

"In general, we are investing 950 million euros in Nord Stream 2, approximately two thirds have already been allocated, somewhere over 600 million," Mehren told reporters.

"The last tranche was in the beginning of March, and in general we provided two thirds, which is approximately 615-620 million euros. We have between 330 and 335 million euros, which we will provide to the project operator under contractual obligations," he specified.