RIA Novosti: Russia’s Gazprom Buys Half of South Stream From Subsidiary
Russian gas giant Gazprom approved Tuesday the purchase from its Berlin-based subsidiary of 50 percent of the shares of South Stream Transport, the gas company said in a statement.
Gazprom Germania will sell 205,990 shares of Dutch-based South Stream Transport to the Russian energy giant, according to the resolution approved by the Gazprom Board of Directors.
South Stream Transport, an international joint venture of Gazprom, Italy’s ENI, France’s EDF and Germany’s Wintershall Holding, is in charge of building the undersea portion of the South Stream gas pipeline.
A contract to build the first of four marine lines for the project was signed with Italian company Saipem last month.