Gazprom announces exit from German and Dutch operations

Gazprom suddenly announced it would ‘cease participation’ in several European subsidiaries. The announcement surprised friend and foe alike.

By Ties Keyzer and Daniël van Kessel | 1 April 2022

It was the culmination of a turbulent week. The European Commission had the German competition authority raid the offices of Gazprom Germania as part of its investigation into alleged price-fixing. Rumour had it that the German government was about to put the German subsidiary into receivership in order to secure its own energy supply.

Was this a forward move by the Russian parent company? And what does this mean for the Dutch Gazprom subsidiary, which falls under the German branch?

Read the full article on Follow The Money (in Dutch).

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