Gazprom adds to South Stream holdings

Offshore staff

MOSCOW -- Gazprom has entered into agreements with Eni, Wintershall, and EDF to acquire their combined 50% holding in South Stream Transport.

This is a joint project company formed to construct the offshore section of the South Stream gas pipeline through the Black Sea. Russia recently decided to shelve the scheme as a result of sanctions and changing market conditions.

12/30/2014

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