The German government plans to bring Gazprom Germania, a subsidiary of Russian gas giant Gazprom, into long-term management. The government will also provide Gazprom Germania with a loan of around 10 billion euros to help strengthen the security of Europe's energy supply.

After the Russian-Ukrainian crisis, Gazprom abandoned its energy trading, storage and transmission business. The government is planning to rename the energy trading, storage and transmission business to Energy Assurance for Europe.

In addition, Germany's state-owned investment bank KfW is expected to provide between 9 billion and 10 billion euros in loans to support businesses critical to Europe's energy supply. With the new long-term arrangement, administrators are empowered to focus on ensuring energy supply. The previous short-term agreement only allowed managers to retain the company's capital for its original owner, the Russian state.

Before Russia-Ukraine relations deteriorated, Germany relied on Russia for nearly half of its natural gas needs, and remains dependent on Russian supplies and is working to reduce supplies. Gazprom has restricted the flow of gas to Germany via the Nord Stream 1 subsea pipeline due to the delayed return of equipment that has been sent for repairs. Keywords: engineering construction, engineering news

Britain's Gazprom Marketing & Trading, which fuels consumers including factories, restaurants and the National Health Service, has raised concerns about the German move.Editor/XingWentao