South Stream Transport B.V. shareholders confirm terms and conditions of South Stream’s offshore section construction

Shareholders of South Stream Transport B.V. held a meeting where they discussed and confirmed the implementation of a number of the Shareholders Agreement terms and conditions, including the company's long-term business plan draft approval and the Gas Transmission Agreement between Gazprom Export and South Stream Transport B.V.

Shareholders Meeting confirmed the decision to continue the large-scale construction of South Stream's four offshore gas lines with a total throughput capacity of 63 billion cubic meters, as well as shareholders' financing provision in the amount needed for building South Stream's offshore section.

Adapted from Gazprom