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Saturday, October 28, 2023

Germany is considering a new gas procurement package

 Germany is considering a new gas procurement package....

Germany Is Considering Investing in Another Major Russian Gas Importer

The German government is prepared to take a stake in a second domestic natural gas supplier in order to contain an escalating energy crisis, which has already prompted discussions about the potential nationalization of energy behemoth Uniper SE.


Capital injection could be part of a rescue package for EnBW's VNG.

According to people familiar with the situation, a rescue package for VNG AG, the troubled gas importing subsidiary of German utility EnBW AG, could include a capital injection that would give the government a minority stake in the company.

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