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.