MOSCOW, Aug. 30(Xinhua) -- Nord Stream 2 AG, the project company established for the Nord Stream 2 gas pipeline, received a total of 324 million euros (about 388 million U.S. dollars) in funds from five European companies in July, Russian energy company Gazprom said on Tuesday.
"Nord Stream 2 AG borrowed funds totaling 324 mln from five European companies in July 2017 under conditions of the long-term financing agreement made among the parties in April 2017," Gazprom, Russia's state and largest natural gas company, said in a report.
Earlier, Russian Energy Minister Alexander Novak said the Nord Stream 2 gas pipeline construction project will be implemented in due time despite new U.S. sanctions which allow fining European companies for participation in joint energy projects with Russia, including Nord Stream 2 pipeline project.
The Nord Stream 2 pipeline is set to run from the Russian coast along the Baltic Sea bed to the German shore, and is scheduled to be put into operation by the end of 2019. The total capacity of two strings of Nord Stream 2 is 55 billion cubic meters of gas per year.
