Berlin Takes Control of Gazprom's German Business
April 04 2022 - 11:54AM
Dow Jones News
By Georgi Kantchev
BERLIN--The German government will temporarily take control of a
key unit of Russian state-owned natural gas giant Gazprom PJSC in
Germany in a bid to secure gas deliveries as tensions between
Russia and Europe over energy supplies continue to grow.
Economy minister Robert Habeck said Monday that the Federal
Network Agency would become a trustee of Gazprom Germania GmbH
until Sept. 30. The move comes after Gazprom on Friday announced
that it was exiting its business in Germany without
elaborating.
"The arrangement of the trust administration serves to protect
public safety and order and to maintain the security of supply,"
Mr. Habeck said at a press conference. "This step is urgently
necessary."
Write to Georgi Kantchev at georgi.kantchev@wsj.com
(END) Dow Jones Newswires
April 04, 2022 11:39 ET (15:39 GMT)
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