Der Spiegel: Germany will nationalize the former “daughter” of “Gazprom” SEFE
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The German authorities plan to nationalize the former Gazprom subsidiary SEFE (previously called Gazprom Germania GmbH), sources said. Der Spiegel. On the eve, September 21, Germany already nationalized the largest German energy supplier Uniper.
According to Der Spiegel, the purchase of SEFE will protect the company from bankruptcy. In addition, this should help the German gas distribution company Verbundnetz Gas (VNG), which had a contract to supply gas through a former subsidiary of Gazprom. The firm recently applied for state support under the energy security law.
Gazprom has ceased to control its German subsidiary since the end of March. After that the company was transferred under the control of the Federal Network Agency of Germany. SEFE Managing Director in August informedthat the company needs €5 billion to replace undelivered gas from Russia.
On the nationalization of energy assets in Germany – in the material “Kommersant” “Berlin takes power into its own hands”.
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