South Stream Transport
A Joint Venture of Four Major Energy Companies
The South Stream Transport consortium has four shareholders: OAO Gazprom, Eni S.p.A., EDF, and Wintershall Holding GmbH – a BASF subsidiary. It is a genuine European Project with parity between European and Russian partners.
The Russian company OAO Gazprom holds a 50% stake in the joint venture; Italy’s Eni S.p.A. holds 20% stake while the French energy company EDF and Germany’s Wintershall Holding GmbH (BASF Group) hold 15% each.
The combined experience of these companies will ensure the Project benefits from strict standards of technology, safety and corporate governance.