German state temporarily takes control of Gazprom subsidiary

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The Federal Network Agency will become the administrator of Gazprom Germania.

The German state is to take temporary control of the German subsidiary of the Russian giant Gazprom, due to its “importance for supplyin energy from Germany, announced the Minister of the Economy Robert Habeck.

The federal network agency will become the administrator of Gazprom Germania until September 30, of which Gazprom was the sole owner. But the group announced on Friday its “withdrawalof this subsidiary, without immediately indicating a buyer, creating a blur on the future of the entity in the midst of a conflict over Russian gas.

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