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Gazprom Energy unaware of nationalization plans in UK — company

No decision has been taken to appoint a special administrator or supplier of last resort that the company knows about, the statement reads

MOSCOW, March 22. /TASS/. Mass media reports on plans of UK authorities to nationalize Gazprom Energy, the UK-based retail unit of Gazprom, are ground-breaking. The company is in an ongoing contact with the regulator and such decision was not taken, Gazprom Energy said.

"We can confirm that recent media coverage about the UK government making preparations to nationalize Gazprom Energy is sensationalist. We are in constant contact with our regulator Ofgem and no decision has been taken to appoint a special administrator or supplier of last resort (SOLR) that we know about," the company said.

"As one of the largest active members of the GB gas market, Gazprom Energy takes its responsibilities to ensure stability and protect customers seriously. Ofgem must consider all possible scenarios and formulate plans to respond to whatever events unfold - this is entirely normal," Gazprom Energy noted.

Bloomberg reported earlier, citing sources, that the UK government plans to temporarily assume administration of the local unit of Gazprom Marketing & Trading Retail Ltd. (Gazprom Energy).

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