Previously, the management of SEFE applied to the Federal Government for stabilisation measures. This request was necessary as Russian sanctions against the SEFE Group were leading to the suspension of gas deliveries. Due to the sharp rise in gas prices over the course of the year, the company had to bear high costs for sourcing additional volumes to meet its existing supply obligations.
Managing Director of SEFE, Dr. Egbert Laege, said: "We very much welcome this decision. Having the Federal Government as our shareholder means SEFE Group has a reliable and strong shareholder and partner, enabling us to continue on our mission of securing the energy supply for Europe, now and for the future.”
The Federal Government's action also removes the uncertainty surrounding the question of the ownership of the SEFE Group. Already under the fiduciary management of the Federal Network Agency, the SEFE Group has fulfilled considerable tasks to secure the gas supply in Germany and Europe.
The German Government becomes the sole owner of the SEFE Group
About SEFE
SEFE, an international energy company, ensures the security of supply and drives the decarbonisation of its customers. SEFE’s activities span the energy value chain, from origination and trading to sales, transport and storage. Through its decades-long expertise in trading and the development of its LNG business, SEFE has become one of the most important suppliers to industrial customers in Europe, with an annual sales volume of 200 TWh of gas and power. Its 50,000 customers range from small businesses to municipalities and multinational organisations. By investing in clean energies and especially in the hydrogen ecosystem, SEFE is contributing to the energy transition. The company employs around 2,000 people globally and is owned by the Federal Government of Germany.
Securing energy – now and for the future.
