Gazprom Injects 100 Million Euro into South Stream Transport B.V.
Tuesday, 16 September 2014
The Board of Directors of Russian energy giant Gazprom decided on September 10 to inject 100 million euro 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.