Skip to Content

German gas importer VNG seeks help from government

KTVZ

BERLIN (AP) — German gas importer VNG is seeking help from the government after cuts to Russian gas supplies forced it to buy gas at far higher prices on the market to fulfill its supply contracts. Energy company EnBW, which has a majority stake in VNG, said Friday that its subsidiary is submitting an application for “stabilization measures” to the Economy Ministry. EnBW says VNG supplies gas to about 400 municipal utilities and industrial operators and met about 20% of German gas requirements last year. The move comes after the government in July announced that it would take a roughly 30% stake in German gas importer Uniper as part of a rescue package.

Article Topic Follows: AP National News

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KTVZ NewsChannel 21 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content