SEFE (Energy Security for Europe), a former German subsidiary of Gazprom, needs more than 5 billion euros to replace undelivered gas from Russia. This was announced by SEFE Managing Director Egbert Lage in an interview with the broadcast. Der Spiegel.
On May 12, Russia put almost all German subsidiaries on the sanctions list and stopped gas supplies to them. According to Lege, after the sanctions, the company “lost everything, both pipeline gas and liquefied natural gas.”
“Based on the current situation, a little more than four billion euros is needed to maintain the liquidity of the company, and a little more than five billion to ensure the replacement of undelivered Russian gas,” he said.
According to the director general of SEFE, Germany will be able to bypass the highest danger level this winter, the emergency level where gas must be rationed.
He noted that the gas level at the storage facilities was around 78%, which was “very encouraging for this time of year”.
Egbert Läge added that there is a decrease in consumption due to high prices and that Germany can survive this winter without freezing.
Gazprom 31 March stoped To the German Gazprom Germania GmbH and Gazprom Marketing & Trading Ltd. Subsequently, the German Federal Network Agency (BNetzA) placed Gazprom Germania GmbH under state control and changed its name to SEFE Securing Energy for Europe.