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EGL, StatoilHydro Complete Trans Adriatic Pipeline Joint-Venture Setup
25.04.08 - 15:01 ... source : EGL Group
... Dietikon, 25 April 2008Norway's StatoilHydro ASA and Swiss-based EGL Group concluded the final agreements leading to the establishment of their equally-owned joint venture company that will develop, build and own the Trans Adriatic Pipeline (TAP). The pipeline will carry natural gas from the Caspian Sea and Middle East regions into Europe.On April 22, EGL and StatoilHydro, the two sponsors of the pipeline, completed the sale and purchase of shares in Trans Adriatic Pipeline AG, their Swiss-registered joint venture project company, as well as in other TAP-related entities.The establishment of the joint ...» Next (HTML)
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