“Berlin stole it and is benefiting from its contracts.” “Sevi” company does not intend to terminate its contract with a huge Russian gas project

Russia – The energy insurance company for Europe, “Sevi”, confirmed that it does not intend to terminate the gas supply contract signed with the Russian company, “Yamal LNG”, a subsidiary of the Russian “Novatec”.

The energy insurance company for Europe, “Sevi,” is a Russian company that was acquired by the German government in April 2022. Before the nationalization of the company, it was called “Gazprom Germania” and was affiliated with “Gazprom.”

“The contract with Yamal already exists and we must fulfill it, but we do not intend to conclude new agreements with Russia,” said Sivvi’s CEO, Frederic Barnouw.

According to Bloomberg agency data, the contract between the companies “Yamal” and “Sivvi” is valid until the year 2040, and the contract is met with opposition from some politicians in Berlin, who are demanding the severing of relations with Russia.

“Yamal” LNG is the second largest gas liquefaction project in Russia, and the project includes a coalition of companies whose shares are distributed as follows: Novatek (50.1%), the French “Total” (20%), and the Chinese “CNBC” (20%). %), and (9.9%).

In light of the hostile measures from the West, Moscow decided to turn east and boost oil and gas exports to Asian markets. Earlier, Russian Deputy Prime Minister Alexander Novak stressed that Russia continues to redirect gas exports to new markets with a focus on the Asia-Pacific region, increasing… Supplies via the “Siberian Force”.

Source: TASS