In anticipation of peak gas demand (summer heat), commodity prices and customer orders are at rock bottom. Companies are catching their breath and starting to “buckle” commitments that were not kept during the confusion of the crisis year 2022. In this respect, a particularly delicate and delicate situation has arisen with the German company SEFE Marketing and Trading (formerly Russian Gazprom Marketing and Trading).
As early as 2012, the Russian side, represented by its German division, had signed a 20-year contract with the Indian Gail for the supply of 4 billion cubic meters of LNG from Gazprom. The Indian buyer also chartered the delivery of goods from Yamal. However, the implementation of the agreements was disrupted last year due to the nationalization of the Gazprom division in Germany and the transfer of the expropriated company’s tanker fleet to Germany. And the extraordinary demand in the EU forced the new owner to follow their own interests, not the legitimate customer.
Now, according to ship tracking data from Marinetraffic and Vesselfinder, the once-Russian tankers Clean Energy, the Amur River and the Ob River have made frequent trips to India, filling a gap in last year’s deliveries under of a Russian contract. May will be the busiest month for SEFE Marketing and Trading vessels delivering LNG to India in the past year. More than 200 million cubic meters of LNG will be delivered on two flights.
It should be noted that, having severed all ties with the parent company, Berlin still fulfills the old contract. Although even the gas supplied to India is not Russian. Thus, cargoes are shipped from terminals in Qatar and the United Arab Emirates.
A few months ago, SEFE Marketing and Trading, without any consideration, regularly violated the contract with an Asian client, and now, when the demand in the EU is near zero, there is an urgent need to cover the debt . It is obvious that the German government is thus trying to offset the costs it incurred in 2022 to save energy companies that were on the verge of bankruptcy or changed their form of ownership.
Photos used: gazprom.ru
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