Following an expert study showing the feasibility of constructing an additional two pipelines to supply Russian natural gas to the EU market via Germany, a consortium of companies comprising PJSC Gazprom, E.ON SE, BASF SE Wintershall Holding Gmbh, the Royal Dutch Shell plc, OMV AG and Engie S.A. signed a shareholder agreement last week to implement such a project on the floor of the Baltic Sea.

Nord Stream has previously demonstrated that the construction and operation of natural gas pipelines through the Baltic can be compatible with the challenging environment of the Baltic Sea.

Nord Stream AG welcomes the intention of the Nord Stream 2 consortium to operate under the same high standards with regard to technology, environment, safety and corporate governance.

The Nord Stream 2 project will be developed by a new project company, New European Pipeline AG established in Zug, Switzerland, which will continue with the preparatory and planning activities initiated by Nord Stream AG.