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Gazprom Germania: Under trusteeship of the Federal Network Agency
Photo:
Fernando Gutierrez-Juarez / dpa
In order to ensure security of gas supply in Germany, Germany wants to grant the ailing Gazprom Germania a loan from the Kreditanstalt für Wiederaufbau (KfW).
This was announced by the Chancellery on Tuesday.
No information was given on the amount of the funds.
The Reuters news agency reports that the loan is worth nine to ten billion euros.
The federal government is examining ways of converting the loan into equity "in order to ensure security of supply in the long term," the chancellery announced on Tuesday.
In addition, the trusteeship should be extended beyond September 2022 on the basis of a new legal basis.
This also makes it possible to extend the trusteeship several times.
Gazprom Germania was put under trusteeship by the Federal Network Agency in April and is struggling with higher procurement costs for gas because Russia has imposed sanctions on the German company's subsidiaries.
According to observers, the company is important for the gas supply in the area and is currently in a difficult situation.
Sol