Gerhard Schröder to chair Nord Stream 2 Board of Directors

October 5, 2016 TASS
Gerhard Schröder
Forner Chancellor of Germany Gerhard Schröder (left) becomes the Chairman of the Board of Nord Stream 2 company, Tagesspiegel reports. Pictured: Vladimir Putin and Gerhard Schröder, Sept. 8, 2005. Source: DPA / Vostock-photo

Ex-chancellor of Germany Gerhard Schröder has become the Chairman of the Board of Nord Stream 2 company - operator of the Nord Stream 2 gas pipeline project, Germany’s media outlet Tagesspiegel reported on Oct. 5 citing a source in the company.

The company confirmed such information, the media outlet said. Schröder earlier headed the consortium for construction of the first stage of the gas pipeline.

Switzerland-based Nord Stream AG was founded for planning, construction and operation of two lines of the Nord Stream-2 subsea gas pipeline. Gazprom currently holds 100 percent of shares in the company.

Gazprom’s European partners in the Nord Stream 2 gas pipeline project - Engie, OMV, Shell, Uniper and Wintershall - confirmed their position to facilitate its implementation, the Russian gas holding said earlier on Oct. 4.

Source: TASS

Read more: Gazprom to build Nord Stream 2 on its own after partners pull out>>>

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