OAO Gazprom said in a prospectus for a planned Eurobond issue that it expects construction costs for the 1,200 km Nord Stream gas pipeline to reach 7.4 billion euros, Interfax reported.

The Russian news agency said initial cost estimates for the pipeline indicated that it would cost slightly more than 4.0 billion euros.

Gazprom holds a 51 percent interest in the project, while BASF SE and E.ON AG hold 24.5 percent each.

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Related Project
Nord Stream Pipeline
Facility Type: Pipeline Owner: Nord Stream AG
Scope: New Construction Location: Vyborg, Russia to Greifswald, Germany Russian Federation