The government allowed NOVATEK to supply gas to the former structure of Gazprom until the end of 2024
[ad_1]
Russia allowed the supply of reduced natural gas (LNG) from Yamal LNG (a NOVATEK project) to Securing Energy for Europe (SEFE), which until the spring of 2022 was a subsidiary of Gazprom, and then came under the control of the German authorities. The permit is valid until the end of 2024, follows from orders Cabinet on the official Internet portal of legal information.
On April 1, 2022, the Gazprom Group terminated its participation in the German subsidiary Gazprom Germania GmbH. In the same month, Gazprom Germania GmbH, the company was transferred under the trusteeship of the Federal Network Agency of Germany. Germany renamed the former Gazprom asset into Securing Energy for Europe, and later nationalized his.
It is clarified that LNG deliveries are allowed to a specific SEFE asset called SEFE Marketing & Trading Singapore PTE Ltd. Prior to nationalization, this structure was called Gazprom Marketing & Trading Singapore PTE. Ltd (GM&T) and owned by Gazprom.
On May 25, 2022, the government allowed LNG supplies from Yamal LNG to GM&T within 90 days. Then, through this structure, Gazprom purchased up to 2.9 million tons of LNG from Yamal LNG for the Indian Gail. Permission was needed because on May 11, Russia introduced the Singapore PTE against Gazprom Marketing & Trading. Ltd sanctions.
[ad_2]
Source link
