Fiduciary for Securing Energy for Europe (SEFE)
The Bundesnetzagentur, an independent German regulatory authority, was appointed fiduciary of Gazprom Germania GmbH by order of the Federal Ministry for Economic Affairs and Climate Action on 4 April 2022 on the basis of section 6 of the Foreign Trade and Payments Act (AWG).
The reason for this was the unclear transfer of the company's shares to a company based abroad. Such a transfer is prohibited under German law without prior notification and assessment.
Following this, the Bundesnetzagentur was appointed fiduciary of Gazprom Germania GmbH by order of the Federal Ministry for Economic Affairs and Climate Action on 17 June 2022 on the basis of section 17 Paragraphs 1 to 5 and 8 of the Energy Security Act (EnSiG) until 15 December 2022. With this, the original AWG trusteeship was terminated.
As part of part of the strategic realignment of the company, the former GAZPROM Germania GmbH operates under the new company name "SEFE Securing Energy for Europe GmbH" (SEFE) since 20 June 2022.
The Bundesnetzagentur has drawn up a letter of comfort (pdf / 743 KB) to reduce current market uncertainty on the part of business partners, banks, service providers and customers.
More information
Bundesnetzagentur decides to appoint administrator for Gazprom Germania (2022.04.08)
Bundesnetzagentur appoints CEO at Gazprom Germania (2022.06.03)