Russian’s state-controlled natural gas company, Gazprom, just cannot seem to get a pipeline deal done to save its life. Nord Stream 2 may very well get resurrected, but for now, the new Russian gas pipeline into Germany is one of a string of failed projects designed to get more of Gazprom’s gas into Europe.
Just over 50% of Gazprom’s shares are owned by the government. The rest is free-float, with around 27% foreign owned. Investors are unlikely to support Gazprom financing Nord Stream 2 alone. That currently leaves just two pipelines left: Power of Siberia and the Turkish Stream.
Can Gazprom finance all these pipelines alone? Forbes Magazine spoke about the matter with Sijbren de Jong. The full article can be read here.
Photo credit: SMU Central University Libraries via Foter.com / No known copyright restrictions