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Henning Voscherau Elected as Chairman of South Stream Directors

Source: www.gulfoilandgas.com 4/13/2012, Location: Asia

The Gazprom headquarters hosted today the first meeting of South Stream Transport AG Board of Directors.

Alexey Miller, Chairman of Gazprom Management Committee, Alexander Medvedev, Deputy Chairman of Gazprom Management Committee, Paolo Scaroni, Chief Executive Officer of Eni, Henri Proglio, Chairman and CEO of EDF, Harald Schwager, Member of the Board of Executive Directors of BASF and Henning Voscherau entered the Board.

Henning Voscherau was unanimously elected as Chairman South Stream Transport AG Board of Directors.

The Board members discussed the key issues of cooperation among the South Stream project participants, in particular the budget of the project vehicle, as well as the action plan required for making the final investment decision this November.

“The offshore section of the South Stream gas pipeline is a significant link of the transboundary infrastructural project. Its implementation will contribute to further cooperation strengthening between Russia and the European Union. I am looking forward to starting Russian and European partners' activity on the pipeline construction, which undoubtedly will be well coordinated and efficient,” said Henning Voscherau.

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