May 12, 2010
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Home / News / Today's Headlines / Gazprom, OMV Ink Agreement on South Stream


Gazprom, OMV Ink Agreement on South Stream

Gazprom CEO Aleksey Miler and OMV General Director Wolfgang Ruttenstorfer signed a base agreement on cooperating on the South Stream in Austria, Oil and Gas Information Agency reports. 
According to the agreement, the sides will soon begin working together on the technical and financial assessment of the Austrian portion of South Stream, the Gazprom press office announced. Gazprom and OMV will also set up a joint venture on an equal basis to design, finance, build and operate the Austrian segment of the pipeline which is to supply at least 5-10 billion cubic meters of gas a year.
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