Ownership FAQs

We understand some of our customers may have questions about Gazprom Energy and their contract with us following the announcement that the Bundesnetzagentur (BNetzA), an independent German regulatory authority, is now the fiduciary for Gazprom Germania GmbH and its subsidiaries

Below we have provided answers to some common questions and will update this page should anything change. If you are a Gazprom Energy customer or third party intermediary and you have a question that isn’t answered below, please contact your account manager at Gazprom Energy or email enquiries@gazprom-energy.com stating your account number.

Any press enquiries can be submitted via our contact us page or emailed to media@gazprom-energy.com.

What does the change outlined above mean for the day to day running of Gazprom Energy?

Very little has changed in relation to Gazprom Energy’s day to day operations and the German Federal Network Agency (the BNetzA) has encouraged banks, service providers and business partners to continue their business relations with Gazprom Germania GmbH and its subsidiaries in the usual manner and without additional restrictions or changes. 

Is Gazprom Energy still Russian-owned?

Whilst technically our ultimate parent company is Russian, Gazprom Germania GmbH, which is headquartered in Berlin, and all its subsidiaries (including Gazprom Energy), have been under the de facto control of the German Federal Network Agency (the BNetzA), an independent regulatory authority in Germany that is similar to Ofgem in the UK, since 4 April 2022. That means ultimate control of Gazprom Energy is now held indirectly by the German state, and not Russian shareholders. Gazprom Energy continues to operate from Manchester, where around 250 people are employed and we provide an end to end service to our customers.   

Will Gazprom Energy remain in Russian ownership?

We do not know exactly what will happen in the future, but we can confirm that on 1 April 2022,  Gazprom in Russia announced it had ceased participation in its Gazprom Germania Group (GPG) and subsequently ordered all GPG companies to stop using its name and trademarks. We are working on changing our company name and removing all Gazprom trademarks from our brand identity and communications. 

Can Gazprom Energy continue to supply my gas (and electricity) in light of the current situation?

Yes. Gazprom Energy has been supplying gas in the UK since 2006 and we continue to honour our contractual obligations to customers and partners with the same level of commitment as always.

Will my energy still be supplied under the negotiated rate?

Yes. Nothing has changed in relation to Gazprom Energy’s ability to supply its customers, therefore the terms of your agreement with us remain exactly the same.

How do the sanctions issued by Russia on 11 May impact Gazprom Energy?

Gazprom Energy receives its gas from its parent company, Gazprom Marketing & Trading Ltd (GM&T), who sources the gas in exactly the same way as our competitors, from the European wholesale energy markets. Since early 2021, GM&T has not received gas under long-term contracts with Russia. Gazprom Energy therefore remains in the same position as other suppliers in Great Britain, regardless of these sanctions.