US EditionNord Stream 2 Enters Debt Restructuring Deal with Creditors
- Nord Stream 2, a Swiss-based company, agreed with creditors on May 9, 2025, to restructure debt and avoid bankruptcy for its $11 billion gas pipeline project.
- The restructuring followed Germany halting the pipeline certification in early 2022 after Russia invaded Ukraine and relations deteriorated sharply between Moscow and Europe.
- Nord Stream 2, built in the late 2010s to transport Russian gas under the Baltic Sea to Germany, was never commissioned and has not shipped gas for over two and a half years amid damage and leaks.
- German Minister Robert Habeck called ideas to reactivate the pipeline 'the wrong direction of discussion,' while speculation about U.S. talks on resuming gas deliveries has intensified.
- The debt deal allows Nord Stream 2 to seek new investors amid EU plans to end Russian energy imports by 2027 and continued opposition from Slovakia and Hungary labeling this 'economic suicide.
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18 Articles
Nord Stream 2 Enters Debt Restructuring Deal with Creditors
Nord Stream 2, the Switzerland-based company behind the gas pipeline project, has reached an agreement with its creditors to restructure its debt, a Swiss court in Zug said on Friday. Friday, May 9, was the deadline set by the court for Nord Stream 2 to restructure its debt and repay smaller creditors, or be declared bankrupt. Bankruptcy was avoided thanks to the debt restructuring deal announced by the court today. Nord Stream 2, an $11-billio…
RECIT - The Swiss subsidiary of Gazprom escaped the liquidation on Friday. One of the two pipes was not hit by the sabotage of autumn 2022 and remains theoretically operational. It arouses the lust of American investors.
On this Friday the last deadline for the insolvent operating company of the Baltic Sea pipeline Nord Stream 2 ended. But now a Swiss court informs: It was able to agree with its creditors. Will gas ever flow through the pipes again?
The company behind the blown-up gas pipeline is allowed to continue. Does this increase the chance that Nord Stream 2 will still be operational with the help of a trusted US President Trump?
The operator of the defective Russian gas pipeline Nord Stream 2 can continue to look for a new investor. And there is interest in the US - while the Kremlin has an interest in resuming deliveries to Europe.
The Gazprom subsidiary with Swiss headquarters has agreed with its creditors. What this means for the future of the gas pipelines connecting Russia with Germany.
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