Russia: Wintershall and EDF Enter South Stream Project

Alexey Miller, Gazprom Chairman, Harald Schwage, Member of the Board of Executive Directors of BASF SE, Henri Proglio, Chairman and CEO of EDF, and Eni CEO, Paolo Scaroni, today signed an agreement in Sochi, in the presence of Russian Prime Minister Vladimir Putin, establishing the entry of Wintershall and EDF in the South Stream project with a participation of 15% each.

Gazprom and Eni will participate in the project with a participation of 50% and 20% respectively.

Gazprom and Eni have also signed an agreement reaffirming the agreements signed on 16 February 2011, which laid the path for the future handover to Gazprom of 50% of Eni’s stake (33,3%) in the consortium developing the Elephant oilfield in Libya, located in Libya’s south-western desert , around 800km from Tripoli.

Gazprom and Severenergia (Development Yamal 51%, jointly owned by Novatek and Gazpromneft, Eni 30% and Enel with 19%) have finally signed a contract, through which Gazprom has agreed to purchase the gas produced by Severenergia.

Today’s agreements are part of the strategic partnership signed between Eni and Gazprom in 2006, which envisages the commitment of both parties to jointly develop projects in the entire gas chain. Eni first entered Russia’s upstream sector through the framework of this partnership.

Source: Eni,September 16, 2011;

Share this article

Follow Offshore Energy Today

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Offshore Energy Exhibition and Conference (OEEC)

The three-day event features an exhibition where over 600 companies will showcase their products and services…

read more >

Argentina Oil and Gas Expo 2019

The Argentine Oil and Gas Institute (IAPG) organizes the Argentina Oil & Gas Expo bringing together the most…

read more >

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >

Africa Oil & Power 2019

The Africa Oil & Power conference will bring together an elite class of ministers and senior-level government…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply