The construction of the Nord Stream – 2 gas pipeline is fully completed

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AK&M 10 September 2021 11:18

The construction of the Nord Stream – 2 gas pipeline is fully completed. This was stated by Alexey Miller, Chairman of the Gazprom Management Board, the company said in a statement.

Nord Stream-2 is a project for the construction of a gas pipeline with a capacity of 55 billion cubic meters of gas per year from Russia to Germany along the bottom of the Baltic Sea. In 2017, Nord Stream 2 AG signed agreements with ENGIE, OMV, Royal Dutch Shell, Uniper and Wintershall DEA to finance the project in the amount of 50% of its total cost.

PJSC Gazprom (TIN 7736050003) is the world's largest gas company. The authorized capital of Gazprom is 118.367 billion rubles. 23673512900 ordinary shares were issued with a par value of 5 rubles. The number of Gazprom shareholders in Russia and abroad is several hundred thousand. The Russian Federation controls over 50% of the company's shares. The depository of the ADR Gazprom program is The Bank of New York Mellon.

Gazprom's profit under IFRS for the first half of 2021 increased 22 times to 995.5 billion rubles from 45.46 billion rubles a year earlier. The profit attributable to the shareholders of PJSC Gazprom amounted to 968.5 billion rubles against 32.92 billion rubles. Profit from sales increased 5.2 times to 986.6 billion rubles from 189.98 billion rubles, revenue-1.5 times to 4.4 trillion rubles from 2.9 trillion rubles. Net revenue from gas sales increased by 60% to 2.2 trillion rubles. Net revenue from gas sales to Europe and other countries increased by 93% to 1.46 trillion rubles. Net revenue from the sale of gas to the countries of the former Soviet Union increased by 35% to 187.7 billion rubles, from the sale of gas in the Russian Federation-by 17% to 574.16 billion rubles.