Decision take by both countries with an aim to secure European supply during an energy crisis caused due to war in Ukraine
Natural gas companies that had links with the Russian energy company Gazprom have been taken over by Germany and Poland. The deals which took place in separate take over were aimed at creating a secure future for Europe amid a major energy crisis, according to a report in the Associated press on Tuesday, November 15.
Germany announced that the company has been renamed Securing Energy for Europe. The country´s government said that it is nationalizing the former subsidiary of Gazprom due to debt load from the company. The report states that the company was headed towards bankruptcy and the aim to nationalize it will ensure that it survives.
According to the report, the Minister for Economy in Germany is calling this company, a key to success for the German energy industry. The is involved in the transportation, storage and trade of natural gas in Germany as well as neighboring counties.
On the other hand, the Polish government has stated that the takeover was vital for the security of emery in the country. The have announced that they have taken temporary compulsory management of Gazprom´s share. The share, the country states, comes from the Yamal gas pipeline system, which is in the Polish territory.
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