In an unprecedented move, the Federal Bureau of Investigation is taking over control of Gazprom Germania, the former German subsidiary of Russian energy giant Gazprom. and “breach of notification regulations”.
Mr Habeck said the Federal Network Service would be the company ‘s manager until September 30, 2022, and explained that “the unprecedented move in the history of the Federal Republic of Germany is aimed at maintaining security of supply.
The announcement was preceded by the intention of the parent company to leave the German subsidiary, which it owned 100%, and to transfer it to the – unknown in Germany – Russian companies JSC Palmary and GPEBS. “We do not know who is behind these companies,” Mr Habeck said, adding that one of the buyers “ordered the liquidation of Gazprom Germania, which, if not approved, is not legal”.
German foreign trade legislation states that the acquisition of critical infrastructure by non-EU investors requires the approval of the Federal Ministry of Economy, which in this case has not been given, as, according to Handelsblatt, the ministry is convinced that redemption is not legal. “This step is absolutely necessary”, stressed the Minister of Economy and assured that the security of supply is guaranteed for the time being.
Gazprom Germania trades, transports and stores gas, and owns other gas companies in the German market, including Wingas and storage company Astora. It also holds a minority stake in the gas transmission company Gascade.
Source: Capital
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