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Results Chart for Delivery Method and Financing
From Private Capital Markets Directly to Producers as Debt: 14 billion euro project will be financed 70% by external financing from banks. Financing is supported by 25 year transportation commitment contracts signed by Nord Stream with the German gas company Wingas, a JV of Gazprom and Wintershall (BASF). Similar contract with Danish DONG Energy (20 yr) for delivery of 1 billion cubic meters of gas per year to Denmark. Contract to extend existing agreement with E.On Ruhrgas (4 billion cu m per year) and Gaz de France (now GDF Suez) for 2.5 billion cu m per year).
From Producers as Equity: 14 billion euro project will be financed 30% from equity contributed by shareholders of GazProm in proportion to their stakes in the project. Shareholders: Gazprom - 51%; Wintershall (BASF) - 20%; E.ON AG - 20%; Nederlandse Gasunie NV - 9%. GDF Suez SA is expected to purchase a 9% interest from Wintershall and E.ON AG.