E.ON May Join South Stream Project - Report

E.ON May Join South Stream Project - Report
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Πεμ, 26 Μαΐου 2011 - 17:16
Germany's E.ON AG may join the South Stream pipeline project, which is expected to carry Russian gas to the European Union as early as 2015, Russia's Interfax news agency reported late Wednesday, quoting OAO Gazprom's Chief Executive Alexei Miller
 Germany's E.ON AG may join the South Stream pipeline project, which is expected to carry Russian gas to the European Union as early as 2015, Russia's Interfax news agency reported late Wednesday, quoting OAO Gazprom's Chief Executive Alexei Miller.

Miller was quoted as saying "The fact that E.ON is present at the South Stream presentation is a sign of something; such a large project can't be out of radar of such a large partner." Miller was speaking in Brussels at South Stream's presentation.

Neither E.ON nor Gazprom were available for immediate comments.

South Stream is owned 50:50 by Italy's ENI SpA and Gazprom. Electricite de France SA  is to take a 10% stake later this year, and Wintershall AG--a unit of German chemicals giant BASF SE --said March 21 it will take a 15% stake in the project.  

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