The European Commission approved €225.6 million for the nationalization by Germany of the former “daughter” of “Gazprom” SEFE
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The European Commission issued a statement on Saturday saying it had decided to approve a German aid measure of 225.6 million euros to support the former subsidiary of Gazprom, SEFE (Securing Energy for Europe), which owns Europe’s largest underground gas storage facility, Rehden. “.
Currently, SEFE is under the tutelage of the German government and the allocated funds will allow the German Cabinet to become a 00% owner of the structure. Berlin insists that this is necessary to ensure the security of gas supplies to the economy.
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