May 20, 2010 / 9:04 AM / 8 years ago

E.ON Ruhrgas joins Transadriatic pipeline project

BRUSSELS, May 20 (Reuters) - The Trans-Adriatic Pipeline consortium said on Thursday that Germany’s E.ON Ruhrgas (EONGn.DE) had become a new shareholder in the gas pipeline project.

“This is a strategic move and a significant step in the realisation of the TAP project,” the consortium said in a statement.

“The new shareholder structure of the Trans-Adriatic Pipeline project now comprises EGL holding a 42.5 percent share, Statoil STL.OL holding a 42.5 percent share and the new partner, E.ON Ruhrgas, holding 15 percent.” (Reporting by Pete Harrison)

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