Policy & Regulation

South Stream subsidiary among Gazprom companies ordered to be seized

A Gazprom subsidiary in charge of building the Turkish Stream pipeline is among seven Gazprom subsidiaries due to be seized after a Dutch court on Tuesday.
By Staff reporter 6 June 2018 0 31179

South Stream Transport, a Gazprom subsidiary in charge of building the Turkish Stream pipeline, is among seven Gazprom subsidiaries due to be seized after a Dutch court on Tuesday accepted Naftogaz Ukrainy’s request to freeze Gazprom’s assets in the Netherlands.

The seizure relates to Gazprom’s shares in its Dutch subsidiaries and any debt owed from these subsidiaries to Gazprom, Naftogaz said in a press release on Tuesday.

The other companies named are Gazprom Gerosgaz Holdings, Gazprom Holding Cooperatie, Blyu Strim Paiplain Kampani, Gazprom EP...