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14-04-2022, 01:14 PM
https://finance.yahoo.com/news/1-german-...28536.html
UPDATE 3-German energy regulator to sustain Gazprom Germania operations
FRANKFURT, April 8 (Reuters) - Germany's energy network regulator on Friday said it would ensure ongoing operations at Gazprom Germania, a trading, storage and transmission business abandoned by Russia's Gazprom, and called on market operators not to cut ties.
With assets and subsidiaries in Germany, Britain, Switzerland, Belgium, the Czech Republic and outside Europe, the firm's activities are essential for the European gas market and its supply to industry and households.
Russia's Gazprom said a week ago it was quitting its business in Germany, at a moment of crisis in energy ties between the two countries following Russia's invasion of Ukraine. It gave no explanation.
"The Bundesnetzagentur will ensure that all payments of Gazprom Germania GmbH may only be made to maintain business operations and will thus prevent an uncontrolled outflow of funds," the German regulator said in a letter to operators connected with Gazprom Germania and seen by Reuters.
Spokespeople for the authority confirmed the letter had been posted.
"It will also ensure that the company can, and will, meet its payment obligations to continue its business operations," it added.
UPDATE 3-German energy regulator to sustain Gazprom Germania operations
FRANKFURT, April 8 (Reuters) - Germany's energy network regulator on Friday said it would ensure ongoing operations at Gazprom Germania, a trading, storage and transmission business abandoned by Russia's Gazprom, and called on market operators not to cut ties.
With assets and subsidiaries in Germany, Britain, Switzerland, Belgium, the Czech Republic and outside Europe, the firm's activities are essential for the European gas market and its supply to industry and households.
Russia's Gazprom said a week ago it was quitting its business in Germany, at a moment of crisis in energy ties between the two countries following Russia's invasion of Ukraine. It gave no explanation.
"The Bundesnetzagentur will ensure that all payments of Gazprom Germania GmbH may only be made to maintain business operations and will thus prevent an uncontrolled outflow of funds," the German regulator said in a letter to operators connected with Gazprom Germania and seen by Reuters.
Spokespeople for the authority confirmed the letter had been posted.
"It will also ensure that the company can, and will, meet its payment obligations to continue its business operations," it added.
