Gazprom and OMV Ink South Stream Deal

Gazprom and OMV Ink South Stream Deal

Gazprom’s CEO Alexey Miller and CEO of OMV, Gerhard Roiss, signed a deal on Tuesday to build the Austrian branch of the South Stream gas pipeline.

The two company’s formed South Stream Austria, a joint venture in which both Gazprom and OMV will have a 50 percent stake each.

This investment in European energy security will fully comply with the EU legislation,” Roiss said after the signing ceremony which took place in Vienna.

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LNG World News Staff, June 24, 2014; Image: OMV

 

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