Gazprom Injects EUR 100 M into South Stream Transport B.V.

Energy | September 15, 2014, Monday // 12:53|  views

Photo 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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Tags: Gazprom, South Stream gas pipeline, South Stream Transport B.V., south stream transport, joint venture

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