Wednesday, October 8, 2025

Latest

Germany Nationalizes Gazprom’s Energy Arm SEFE

The European Commission approved Germany’s plan to nationalize Gazprom-owned energy giant SEFE Securing Energy for Europe, in an effort to alleviate the region’s natural gas supply woes.

Germany will take a 100% ownership in SEFE— a former supply unit of Gazprom previously known as Gazprom Germania, announced the country’s Economy Ministry on Monday. The European Commission granted Germany €225.6 million in aid to take over the company, as well as increase its loan size to €13.8 billion. This will bring the government’s total equity injection into SEFE to €7.7 billion, which will be distributed via a debt for equity swap.

According to the Economy Ministry, the move was crucial in preventing a forthcoming insolvency due to SEFE’s surmounting indebtedness, which threatened to “endanger the security of supply in Germany.” The EU’s biggest economy is up against a possible collapse of its energy complex, after Moscow curtailed gas shipments into the EU following the war in Ukraine. Gazprom ultimately axed the SEFE unit in April, putting the company under German trusteeship.

SEFE is now the second major gas player Germany nationalized over the past two months. Back in September, Chancellor Olaf Scholz approved a €13 billion rescue package for gas importer Uniper SE, cementing its ownership stake to 99%. The move was in response to an accumulation of €8 billion in losses for the utility company, ultimately marking the biggest bailout in Germany’s history.

Information for this briefing was found via Reuters. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

New York Passes Law That Will Ban Gas Stoves, Natural Gas In New Buildings

New York has become the first state in the United States to ban the use...

Friday, May 5, 2023, 02:18:00 PM

Renewable Energy Overload Forces Germany to Pull The Plug On Solar Funding

Germany is set to curtail the eligibility for solar energy subsidies as the country grapples...

Monday, October 28, 2024, 02:11:00 PM

European Natural Gas Soars After Ukraine Invasion; LNG-Related Investments Seem a Good Bet On Rising European Demand

European natural gas prices soared just over 50% on February 24 in response to Russian...

Sunday, February 27, 2022, 09:00:00 AM

Coal Demand And Prices Continue To Soar; Yet Coal-Fired Power Is Still Cheaper Than Gas-Fired Electricity

Remarkably, in a world where dire warnings of the impact of climate change are issued...

Monday, July 25, 2022, 03:58:00 PM

Nova Scotia Restarts Offshore Gas Bids After 2023 Veto

Nova Scotia has swung the door back open to offshore natural gas drilling. Last week,...

Thursday, July 17, 2025, 11:32:00 AM