Gazprom Injects EUR 100 M into South Stream Transport B.V.
Energy | September 15, 2014, Monday // 12:53| viewsPhoto by EPA/BGNES
The Board of Directors of Russian energy giant Gazprom decided on September 10 to inject EUR 100 M into the capital of the South Stream Transport joint venture.
The move was reported by the press office of Gazprom, as cited by ITAR-TASS.
South Stream Transport B.V. is a joint venture tasked with the planning, construction and exploitation of the offshore section of the South Stream gas pipeline
Gazprom controls 50% of the joint venture, Italian Eni has a 20% stake and French EDF and German Wintershall own 15% stakes each.
The offshore section of the South Stream gas pipeline consists of 4 pipeline strings, each of them with a length of over 930 km.
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