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German gas importer VNG: situation poses ‘major challenges’

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FRANKFURT — VNG, Germany’s second-largest importer of Russian gas, on Tuesday warned that the current environment creates significant challenges, a day after Gazprom unveiled fresh supply cuts.

“The market situation remains tense. The current situation in the gas market continues to pose major challenges for companies like VNG, across its business areas,” said the company, which is majority-owned by EnBW.

“We continue to see our mission as contributing to securing supply and averting damage to our customers and VNG. We explicitly support the German government in its efforts to stabilize the market.” (Reporting by Christoph Steitz, Editing by Miranda Murray)



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