Nord Stream 2 Operator Says Selling Pipe Is Possible to Pay Debt

Nord Stream 2 AG, the Swiss-based operator of the idled subsea gas network, would consider selling the pipeline or undergoing restructuring to pay its debts, according to documents publishedby the Zug cantonal court.

• Nord Stream 2 earlier this month applied to extend a moratorium on bankruptcy, the documents show
  • Such an extension would help it pay debts to smaller creditors, while “the claims of the large creditors could be covered to a greater extent or even completely by a possible sale of the pipeline or the restructuring of the company”: documents
• NOTE: Under Swiss law, a moratorium allows ...