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Germany has seized control of Gazprom Germania

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Re: Germany has seized control of Gazprom Germania

#91

Post by ls15 »

LAC-Tech wrote: post #29

This doesn't make sense to me. Can i get an explanation? The German state seized a local German branch of the Russian Gazprom company. In order to secure its energy supplies... which come from Russia. Are they in essence capturing some reserves?

From another article:

https://www.reuters.com/business/energy/germany-approves-law...

> In Germany, a third of gas storage belongs to Russia's Gazprom (GAZP.MM), whose facilities in Germany had lower levels of stored gas this winter than those operated by other companies.

In my opinion, Gazprom did so (last year) in order to strategically weaken Germany's position and strenghten Russia's position, by reducing the amount of gas that is stored in Germany.

Re: Germany has seized control of Gazprom Germania

#92

Post by baq »

cinntaile wrote: post #42
Gareth321 wrote: post #33

Earlier quoted context omitted.

Angela Merkel is squarely to blame here. She was warned about he dangers for the 16 years she was chancellor of Germany, and instead of diversifying, doubled down on Russian oil and gas, and ordered the closure of the remaining nuclear plants. So be it. The people voted for her, and apparently Germans in general are rather anti-nuclear.

Angela Merkel did not want to close the plants, but the public opinion forced her hand. The people wanted this.

perhaps she didn't properly explain that Putin can and will shut off the supply... or maybe she herself couldn't believe that he's that much of a thug.

Re: Germany has seized control of Gazprom Germania

#93

Post by logifail »

Toutouxc wrote: post #43
logifail wrote: post #20

Earlier quoted context omitted.

> energy independence We use LPG gas (from a tank buried at the bottom of the garden) feeding a gas boiler to heat our house. I'm all for energy independence, and would love to switch to a more environmentally-friendly energy source, but I'm deeply concerned about how much this will cost me, and even if I did have the money, based on reports in local media, getting a heating engineer in would take many months. Half a…

That's interesting, so the tank is permanent and you refill it somehow? If yes, how often? Can you do the same thing with natural gas? Does the place you live in have natural gas?

> the tank is permanent and you refill it somehow? If yes, how often?

Yup, dug into the ground when the house was built, and refilled basically once every two years ever since.

Given I used to be a lab chemist, it's oddly fascinating watching the tanker drive up and then the best part of 1000kg of propane is pumped into a tank under part of your garden...

We were told "no naked flames within 3m of the tank" - we BBQ at the other end of the garden :)

Re: Germany has seized control of Gazprom Germania

#94

Post by throw0101a »

recuter wrote: post #39
hugi wrote: post #10

It's nice to see Germany start working towards energy independence. I think it's a crucial factor for both national security and a faster migration to more environmentally friendly energy sources.

Yeah, they got top minds on this. Top. Minds. Nuclear canceled by the Green Party and pre-March went all in on Russian oil and gas.

> Yeah, they got top minds on this. Top. Minds.

Top men:

* https://www.youtube.com/watch?v=FRP0MBNoieY

Re: Germany has seized control of Gazprom Germania

#95

Post by vimy »

archerx wrote: post #51
recuter wrote: post #39

Earlier quoted context omitted.

Yeah, they got top minds on this. Top. Minds. Nuclear canceled by the Green Party and pre-March went all in on Russian oil and gas.

Sometimes I wonder if the Greens are actually funded by petrol companies because everything they do seems to benefit them in the end. In Switzerland the Greens are trying to be as dumb as the German ones.

Gazprom funds green NGOs in Europe. The dogmatic anti-nuclear energy minister in Belgium has ties to Gazprom. Europe gets 40 % of their gas from Russia. In the 90s most of the gas came from Europe itself until all those wells shut down under Green pressure.

Re: Germany has seized control of Gazprom Germania

#96

Post by pilsetnieks »

archerx wrote: post #51
recuter wrote: post #39

Earlier quoted context omitted.

Yeah, they got top minds on this. Top. Minds. Nuclear canceled by the Green Party and pre-March went all in on Russian oil and gas.

Sometimes I wonder if the Greens are actually funded by petrol companies because everything they do seems to benefit them in the end. In Switzerland the Greens are trying to be as dumb as the German ones.

Not just some petrol companies, by Gazprom itself: https://www.transparency.org/en/press/germany-state-governme...

Re: Germany has seized control of Gazprom Germania

#97

Post by ls15 »

pfortuny wrote: post #30
throwaway4good wrote: post #24

Earlier quoted context omitted.

Exactly what is left of value in this company; except some payrolls, offices, and some contracts which are void anyway?

the stored gas and the storage facilities, I gather.

To me it seems that actually the reason for the seizure was that Gazprom did not store enough gas, while they have the biggest capacity:

> In Germany, a third of gas storage belongs to Russia's Gazprom (GAZP.MM), whose facilities in Germany had lower levels of stored gas this winter than those operated by other companies.

https://www.reuters.com/business/energy/germany-approves-law...

Re: Germany has seized control of Gazprom Germania

#99

Post by dxuh »

archerx wrote: post #51
recuter wrote: post #39

Earlier quoted context omitted.

Yeah, they got top minds on this. Top. Minds. Nuclear canceled by the Green Party and pre-March went all in on Russian oil and gas.

Sometimes I wonder if the Greens are actually funded by petrol companies because everything they do seems to benefit them in the end. In Switzerland the Greens are trying to be as dumb as the German ones.

Even though it's very often stupidity instead of evilness, I really think that they are not stupid. They started as a pacifist party and now they passed the largest defence budget since WW2. You don't do that by accident. I think most of what they represent is just a fashionable front.

Re: Germany has seized control of Gazprom Germania

#100

Post by ce4 »

LAC-Tech wrote: post #29

This doesn't make sense to me. Can i get an explanation? The German state seized a local German branch of the Russian Gazprom company. In order to secure its energy supplies... which come from Russia. Are they in essence capturing some reserves?

Apparently the company was sold or ownership restructured in march without prior notification of the regulatory body. The new owner is Gazprom Export LLC, of which ownership is unclear - it is suspected that Gazprom tries/tried to evade regulatory control over critical german infrastructure, thats why Minister Habeck has transferred control over to the Bundesnetzagentur as a trustee.

Edit: Source (paywalled, german) https://www.spiegel.de/wirtschaft/gazprom-germania-hat-berei...

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