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Securing Energy for Europe
SEFE Securing Energy for Europe GmbH, registered in Berlin, Germany, is an international energy company, with entities operating in countries in Europe, Asia and North America. The company delivers around 200 terawatt hours (TWh) of natural gas annually to industry and other customers in Germany, the United Kingdom and seven other markets. As well as sales of gas and power, the company is also active in sourcing and trading, transportation and storage. The company owns significant gas pipeline networks in Europe and operates 25 per cent of Germany’s total gas storage capacity.
Under the former name Gazprom Germania GmbH, it was a 100% subsidiary of the world's largest natural gas company, Gazprom, from 1990 to 2022. In the aftermath of the Russian invasion of Ukraine in 2022, the company was placed under the trusteeship of Germany’s federal energy regulator—the Federal Network Agency—in April 2022. In December 2022 the company was nationalised and since then has been owned by the German Federal Government. The company is expected to be privatized by the end of 2028.
SEFE’s activities span the energy value chain, from origination and trading to sales, transport and storage. Through its experience in trading and the development of its LNG business, SEFE has become a major suppliers to industrial customers in Europe, with an annual sales volume of 200 TWh of gas and power organisations. By investing in clean energies and especially in the hydrogen ecosystem, SEFE is contributing to the energy transition. Companies of the group operate in Europe, USA, Central Asia and Singapore.
Securing Energy for Europe’s wholly owned business entities include:
Securing Energy for Europe owns shares in:
European regulators (after the Russia-Ukraine gas dispute) insisted, foreign strategic energy supplies should operate under the EU law. Just as energies should be sold on the free market and not via direct contracts. Therefore, Gazprom was forced to set up a net of companies (middlemen) operating under EU law. During early 2022, Gazprom-associated gas storage facilities became unusually low. In late March 2022, Gazprom Group transferred ownership of Gazprom Germania which was then exited. The German authorities viewed the transfer as illegal for such critical infrastructure of the gas handling, and issued a legal order to control the assets of the former Gazprom Germania. The German Federal Network Agency was made trustee of the company.
In May 2022, Russia issued sanctions against Gazprom Germania and other gas companies.
In August 2022, the German government had created a company for the possible nationalisation of SEFE. The company was originally called VERONIKA Zweiunddreizigste Vermögensverwaltungsgesellschaft, but on June 3, it was renamed Securing Energy for Europe Holding GmbH (SEEHG).
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Securing Energy for Europe
SEFE Securing Energy for Europe GmbH, registered in Berlin, Germany, is an international energy company, with entities operating in countries in Europe, Asia and North America. The company delivers around 200 terawatt hours (TWh) of natural gas annually to industry and other customers in Germany, the United Kingdom and seven other markets. As well as sales of gas and power, the company is also active in sourcing and trading, transportation and storage. The company owns significant gas pipeline networks in Europe and operates 25 per cent of Germany’s total gas storage capacity.
Under the former name Gazprom Germania GmbH, it was a 100% subsidiary of the world's largest natural gas company, Gazprom, from 1990 to 2022. In the aftermath of the Russian invasion of Ukraine in 2022, the company was placed under the trusteeship of Germany’s federal energy regulator—the Federal Network Agency—in April 2022. In December 2022 the company was nationalised and since then has been owned by the German Federal Government. The company is expected to be privatized by the end of 2028.
SEFE’s activities span the energy value chain, from origination and trading to sales, transport and storage. Through its experience in trading and the development of its LNG business, SEFE has become a major suppliers to industrial customers in Europe, with an annual sales volume of 200 TWh of gas and power organisations. By investing in clean energies and especially in the hydrogen ecosystem, SEFE is contributing to the energy transition. Companies of the group operate in Europe, USA, Central Asia and Singapore.
Securing Energy for Europe’s wholly owned business entities include:
Securing Energy for Europe owns shares in:
European regulators (after the Russia-Ukraine gas dispute) insisted, foreign strategic energy supplies should operate under the EU law. Just as energies should be sold on the free market and not via direct contracts. Therefore, Gazprom was forced to set up a net of companies (middlemen) operating under EU law. During early 2022, Gazprom-associated gas storage facilities became unusually low. In late March 2022, Gazprom Group transferred ownership of Gazprom Germania which was then exited. The German authorities viewed the transfer as illegal for such critical infrastructure of the gas handling, and issued a legal order to control the assets of the former Gazprom Germania. The German Federal Network Agency was made trustee of the company.
In May 2022, Russia issued sanctions against Gazprom Germania and other gas companies.
In August 2022, the German government had created a company for the possible nationalisation of SEFE. The company was originally called VERONIKA Zweiunddreizigste Vermögensverwaltungsgesellschaft, but on June 3, it was renamed Securing Energy for Europe Holding GmbH (SEEHG).
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