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Germany Weighs Options for Gazprom Unit Shunned by Clients

  • Government is studying impact of possible Wingas failure
  • London and Berlin held talks about Gazprom’s European units
The corporate headquarters of Gazprom Germania.

The corporate headquarters of Gazprom Germania.

Photographer: Sean Gallup/Getty Images
Updated on

The German government is weighing options for a division of Russian gas giant Gazprom PJSC shunned by clients in response to the war in Ukraine, according to people familiar with the matter.

Options being analyzed include restructuring the German unit, known as Wingas GmbH, which supplies about 20% of the German gas market, or finding a new energy provider for its clients, said the people, who asked not to be identified because the talks are private. Berlin officials are currently studying what impact the possible failure of Wingas would have on the economy, and no final decision has been made.