Energy News

Russian Gazprom terminated participation in the German company GAZPROM Germania

by APA

The Russian energy giant Gazprom announced Friday it has separated from its German subsidiary Gazprom Germania, the company said in a statement, APA reports citing CNN.

“On March 31, the Gazprom Group terminated its participation in the German company GAZPROM Germania GmbH and all its assets, including Gazprom Marketing & Trading Ltd.,” Gazprom said via its Telegram channel.

Gazprom Germania will provide a comment on the matter on Monday, an employee told CNN.

Meanwhile, Germany’s Federal Network Agency, which is the country’s utility regulatory office said on its website that “gas supply is stable in Germany” and that “no disturbances of gas deliveries to Germany were recorded. The operators of the gas networks do not report any extraordinary events.”

Filling levels are comparable to those of 2021 and 2017, according to the statement.

Germany issued an “early warning” of possible natural gas shortages on Wednesday over a payments dispute with Russia that could lead to energy rationing in Europe’s biggest economy.

Moscow said last week that it wanted to be paid in rubles, rather than US dollars or euros as per existing gas supply contracts, and threatened to cut off supplies if that didn’t happen. The Kremlin’s demand has been rejected by Germany and the G7 group of leading developed economies.

The German government said Wednesday that the country had enough gas for now, but it urged all consumers — from companies to hospitals and households — to reduce their use as far as possible with immediate effect.

Source
APA
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button