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A new move came from Germany against the natural gas crisis

The German government announced that Gazprom Germania (Gazprom Germany) the former subsidiary of the Russian energy company Gazprom in the country will be placed in long-term public management and will provide a public rescue package of up to 10 billion euros to prevent its bankruptcy.

A new move came from Germany against the natural gas crisis

In the statement made by the German government, it was stated that Gazprom Germania, which was "temporarily" taken over by the public in April in order to secure the energy supply in natural gas in the country, will be transferred to the long-term public administration.

In the statement, it was stated that a public rescue package of up to 10 billion euros would be provided to save the company from bankruptcy, and it was stated that the rescue package would "assure liquidity and provide backup gas supply".

Germany's energy market regulator (Bundesnetzagentur-BNetzA) temporarily took over Gazprom Germania to secure energy supply in natural gas in Germany on April 4, following Western sanctions against Moscow.

Western investments against Moscow and Russia's cutting off gas supply were putting pressure on Gazprom Germania, which is the key company for gas supply in Germany.

The company's activities in the German gas market include storage, natural gas trading and transportation. The Astora unit, owned by Gazprom Germania, operates the country's largest natural gas storage facility.

On the other hand, it was noteworthy that the Russian energy company Gazprom warned that natural gas shipments will drop by 40 percent through the Nord Stream Natural Gas Pipeline today due to technical problems.

In the statement made by the German Ministry of Economy and Climate Protection, it was stated that the situation in Nord Stream 1 is closely monitored, and that "supply security is guaranteed" in natural gas in the country at the moment.

Meanwhile, Germany appears to be more dependent on Russian oil, gas and coal than any other European country to turn the wheels of industry and heat homes, while the country receives 55 percent of its natural gas, 35 percent of crude oil and 45 percent of coal. It comes from Russia.

About half of the residences in Germany are heated with natural gas, which is used to generate electricity in heavy industry.

The German government, which is working hard to reduce its energy dependence on Russia, states that it needs time to become completely independent from Russian gas. The government opposes the immediate cessation of gas supplies from Russia, although it supports Western countries' sanctions against Moscow.

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