3 Sep 2009 10:30

E.ON secures entry into Yuzhno-Russkoye gas project

MOSCOW. Sept 3 (Interfax) - E.ON has closed the transaction needed to secure its entry into the Yuzhno-Russkoye gas project, Gazprom said in a statement.

Gazprom said the Germany company had acquired a stake in OJSC Severneftegazprom, which holds the license to the oil and gas field, located in the Yamal-Nenets Autonomous District.

Gazprom said its own stake in the operating company had decreased from 65% (75% plus two voting shares) to 43.33% (50.0015%) as of August 21.