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EDF and Wintershall join the South Stream gas pipeline project

Wintershall Holding and EDF acquired 15% participation share each in the offshore section of the South Stream project owing to a reduction in ENI stakes by 30%. As a result, offshore section participation shares of the South Stream project are now split in the following way: Gazprom - 50%, ENI - 20%, Wintershall Holding and EDF - 15% each. The pipeline will run from Russia to Europe through the Black Sea. Two options for the gas pipeline route in Europe are being considered today. The northwestern route – towards Slovenia and Austria via Bulgaria, Serbia and Hungary and the southwestern route – towards Greece and Italy. Gas laterals will be diverted from the main route of the South Stream onshore section in Europe to Croatia and Macedonia. Russia signed intergovernmental agreements with Bulgaria, Serbia, Hungary, Greece, Slovenia, Austria and Croatia for the purpose of implementing the onshore pipeline section in Europe.