Free Trial

EU Approves German Nationalization Of Gas Importer

NATURAL GAS

The European Commission has approved a €225.6M aid measure for Germany to take ownership of gas importer SEFE, formerly known as Gazprom Germania.

  • "We welcome the change of ownership of SEFE, which will enable Germany to search for new gas suppliers while ensuring security of supply”, Vestager said.
  • SEFE has a 14% share in the gas supplies market in Germany and is active also in other member states. It also owns and operates 28% of the gas storage serving the German market and owns gas pipelines in Germany and other member states.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.