VNG Handel & Vertrieb GmbH (VNG H&V), a subsidiary of VNG AG, and SEFE Securing Energy for Europe GmbH (formerly GAZPROM Germania GmbH) – via its subsidiary WIEH GmbH (WIEH) – today reached an out-of-court settlement on apportionment of the costs of replacement procurement incurred as a result of the Russian GAZPROM Export LLC ceasing to supply WIEH. 

VNG AG has today submitted an application to the German Federal Ministry for Economic Affairs and Climate Action (BMWK) for stabilisation measures under section 29 of the Energy Security of Supply Act. 

Norwegian company Equinor, a broadly based energy company, and German gas company VNG AG have agreed to extend their existing cooperation in natural gas into the new areas of low-carbon hydrogen and ammonia as well as in carbon capture, utilization and offshore storage of CO2 (CCU and CCS).

Shareholders of VNG AG elected a new Supervisory Board at today’s Annual General Meeting in keeping with the required cycle. 

Demand for hydrogen from the industrial and transport sectors to reach 17.3 TWh by 2030 and around 49 TWh by 2050. More than 50 detailed proposals for a successful hydrogen market ramp-up.

Earnings higher than expected, investments once again increased – strong growth in the Biogas business area