Russia’s sanctions against Gazprom Germania and its subsidiaries could cost German gas taxpayers and users an additional €5 billion a year to pay for make-up gas, the Welt am Sonntag newspaper reported, citing sector representatives.
In May, Russia decided to stop supplying Gazprom Germania, which was Gazprom’s German subsidiary, after Berlin placed the company under fiduciary management due to Russia’s invasion of Ukraine.
Since then, the Bundesnetzagentur energy regulator, acting as trustee, has had to buy replacement gas on the market to fulfill supply contracts with German municipal utilities and regional suppliers.
Welt am Sonntag reported that Economy Minister Robert Habeck estimates an extra 10 million cubic meters a day is needed, which would currently cost around €3.5 billion a year.
Other costs arise from filling the Rehden natural gas storage facility that Habeck commissioned on Wednesday, he said.
The paper also said the additional costs would be passed on to energy suppliers and end customers in the form of a gas fee from October.
The economy ministry declined to comment on the scale of the costs incurred, Welt am Sonntag said, and no one at the ministry immediately responded to an emailed request for comment.
Source: CNN Brasil
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