The Swiss company Nord Stream 2 AG, the operator of the Nord Stream-2 gas pipeline, is considering filing for bankruptcy.
This was reported by Reuters.
According to the agency’s sources, Nord Stream 2 AG is working with a financial advisor to repay some of its obligations and may formally file for bankruptcy in a Swiss court this week.
Deutsche Welle reports that Nord Stream 2 AG has already laid off all of its staff in the Swiss city of Zug - 140 employees.
Nord Stream 2 AG is 100% owned by Gazprom. Its partners in the project included the British Shell, the Austrian OMV, the French Engie and the German Uniper and Wintershall. Yesterday, Shell announced its withdrawal from all joint projects with the Russians.
The total cost of the pipeline is estimated at 10 billion euros.