Gazprom abandons the business in Germany

Russia payments in rubles for Gazprom Not for Novatek

(Finance) – The Russian giant Gazprom has discontinued the stake in Gazprom Germany GmbH and all of its operations in the country, including Gazprom Marketing & Trading Ltd, the company said. In essence, the holding from March 31 ceased to own the subsidiary Gazprom Export Business Services based in St. Petersburg, which in turn was the sole founder of Gazprom Germania GmbH. The latter is theoperator of several large gas depots in Germany. The Russian group did not provide details on the modalities or further explanations on its decision.

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