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

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.