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Italy SACE backs 408 mln euro loan to Gazprom
MILAN |
MILAN Oct 29 (Reuters) - Italy's state export credit agency SACE said on Thursday its had approved a guarantee for a 408 million euro ($601 million) loan to Russia's Gazprom (GAZP.MM) to buy and build gas treatment facilities as part of the Nord Stream project.
The facilities for the Portovaya compressor station will be supplied by Siirtec Nigi, an Italian engineering and contracting company, SACE said in a statement.
The compressor station will pump gas from Russia's Shtokman gas and condensate field to the Nord Stream submarine pipeline, which will link Russia to Germany through the Baltic Sea, it said.
(Reporting by Svetlana Kovalyova)
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