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2015-01-03 21:30:00

SOUTH STREAM: GAZPROM PURCHASES

SOUTH STREAM: GAZPROM PURCHASES

Gazprom has announced that it has agreed to purchase the interest of its partners in the company set up to facilitate the offshore section of the now cancelled South Stream pipeline project.

The Russian gas giant has entered into an agreement with Italy's Eni SpA , the Wintershall Holding GmbH unit of BASF SE and French utility EDF, on the purchase of the 50% of shares in South Stream Transport BV. not already held by Gazprom.

South Stream Transport B.V. was the joint venture established to undertake the planning and construction and to operate the section of the South Stream pipeline that was run across the…

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Tags: SOUTH, STREAM, GAZPROM
Chronicle:
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