Gazprom Germania stopped receiving gas from Russia

Gazprom Germania GmbH and Gazprom Marketing & Trading Ltd stopped receiving gas from Russia.

Gazprom Germania UGS facility

Photo: vesti.ru

“In Germany, Gazprom and its subsidiaries are affected. This means that several subsidiaries do not receive gas from Russia,” declared Head of the German Wine Economy Robert Habeck during his speech in the Bundestag.

Habek noted that Berlin was prepared for such a situation and is closely following developments. During the day, the head of the German Ministry of Economy will discuss the situation with the Federal Network Agency, which has been managing Gazprom Germania GmbH since April.

Recall that on Wednesday the government of the Russian Federation approved a list of companies in respect of which Moscow will apply special economic measures. The list includes 31 companies, including Gazprom Germania GmbH and Gazprom Marketing & Trading Ltd.

Federal Network Agency of Germany reported TASS agency: “We have taken note of this. We still do not have information about the type of sanctions. The Government and the Federal Network Agency, as a trustee of Gazprom Germania, are taking the necessary measures and are preparing for various scenarios.”

The Russian government also imposed sanctions on the Polish company EuRoPol GAZ SA, the owner of the Polish section of the Yamal-Europe gas pipeline. Earlier it was reported that at the end of April Poland imposed sanctions against Gazprom. Restrictions imply a freeze on the exercise of rights to shares and other securities, a freeze on the payment of dividends.

The Wingas/WIEH/WIEE trading group is the owner of a large package of contracts for the supply of Russian gas. Astora is the largest gas storage operator in Europe. In relation to these persons, any transactions are prohibited. This includes a separate ban on entry into the ports of the Russian Federation, payments and transactions with securities.

 

Gazprom Germania passed under the control of the German government

Recall that in early April, Gazprom Germania GmbH left the Gazprom group. On March 31, 2022, Gazprom’s subsidiaries ceased participation in Gazprom Export Business Services LLC, which is the sole member of GAZPROM Germania GmbH. On March 31, the Gazprom Group terminated its participation in the German company and all its assets.”

And almost immediately, Gazprom Germania was placed under external management. “These actions have been coordinated by the German government. By its decree, the Ministry of Economy appoints the Federal Grid Agency as a temporary trustee of the Gazprom Germania group, German Economics Minister Robert Habeck told reporters in Berlin. “The regulation on guardianship serves to protect public order, to preserve public welfare.”

And recently Gazprombank rejected payments for gas supplies to Germany and Austria from Gazprom Marketing & Trading Ltd. “Gazprombank has declined payment for some April and May gas supplies to Germany and Austria under a contract with Gazprom Marketing & Trading Ltd. Even despite the fact that the company tried to pay for fuel using a ruble account, ”writes Bloomberg, citing informed sources. :///

Message Gazprom Germania stopped receiving gas from Russia first appeared on TECHNOBLOG.

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