Germany seizes Russian LNG carriers – media

Shipping operator Dynagas LNG says authorities have taken over ships’ charters

Germany has taken control of three liquefied natural gas (LNG) carriers owned by Russian energy giant Gazprom, Britain’s Telegraph newspaper reported on Thursday, citing shipping operator Dynagas LNG.

Gazprom has not confirmed the seizure at the time of this writing.

According to the report, the company said the German government had confiscated the charters of its three LNG carriers which were previously entrusted to Gazprom’s German subsidiary, Gazprom Germania.

Two of the three vessels, the Amur River and the Ob River, had previously been chartered to Gazprom Germania until 2028. The contract for the third tanker, the Clean Energy, was valid until 2026. All three are now effectively under control of the German government for “an indefinite period“said Dynagas, based in Monaco.

Gazprom Germania, which operated some of Germany’s largest natural gas storage facilities, was taken over by Berlin several weeks ago as part of Ukraine-related sanctions against Russia. In response, Gazprom stopped supplying gas to the company, causing liquidity problems and compromising the work of major gas retailers in Germany and the UK, which work with the unit.

READ MORE: Berlin will not nationalize seized unit of Gazprom – media

The German energy regulator stepped in and took over the company to protect it from insolvency, renaming it Securing Energy for Europe. In mid-June, reports surfaced that Berlin would give the company a 10 billion euro ($10.4 billion) loan to help it stay afloat.

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