German State Gas Company Seeks Expansion Before Privatization

Securing Energy for Europe, or SEFE, is trying to build a stronger supply base before its privatization, planned to take place before 2030. SEFE is the entity that the German government created after the nationalization of Gazprom’s German business soon after Russia invaded Ukraine in 2022. For most of that year, Europe’s biggest consumer of Russian gas struggled to secure enough supply and ended up with SEFE sealing a long-term LNG supply deal with another Russian company—Novatek—to be supplied from the Yamal LNG facility.…