The gas importer VNG needs state help because of the failure of Russian deliveries: The company will submit an application for stabilization measures to the Federal Ministry of Economics on Friday, the company said in Leipzig in the morning. "In order to avert further damage from VNG and to ensure the ability of the VNG Group to act as a whole," the company felt compelled to apply for further aid measures, it said.
"Up until the start of the Russian war of aggression, VNG was a very healthy group of companies," the importer continued. The company supplies gas to municipal utilities, industrial and large customers, among others, and has to fulfill the contracts. However, since Russia has drastically reduced its supplies in the course of the war, the supplier has to procure replacements at significantly higher prices.