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    Sputnik: Gazprom to Increase Capital of South Stream Operator Company by 75 Mln Euro

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Summary

Gazprom has approved a €75 million deal to contribute additional capital to the South Stream operator, South Stream Transport B.V.

by: Erica Mills

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Sputnik: Gazprom to Increase Capital of South Stream Operator Company by 75 Mln Euro

The Board of Directors of "Gazprom" approved the deal to contribute additional capital in the amount of 75 million euro into the company South Stream Transport B.V.

South Stream Transport B.V. is the operator of the offshore pipeline "South Stream". Back in December 2014, Russia decided to stop the construction and instead decided to build a gas pipeline named "Turkish stream."

Read the full article HERE.

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