LNG

German natural gas supplier Verbundnetz Gas AG (VNG), based in the eastern city of Leipzig, has become the second large Russian gas buyer to be approved for a Berlin Government bail-out to stay afloat after LNG buyer Uniper received government funds in return for a stake.

Gazprom said pipeline natural gas exports to countries outside the former states of the Soviet Union dropped by more than 30 percent, while the company’s shares also plunged on not paying a dividend along with those of German utility Uniper on its lack of guaranteed Russian gas supplies.