Overview

• Sefe, formerly Gazprom Germania, imported around five billion cubic meters of Russian LNG in 2024, exceeding its 3.7 billion cubic meter contract by over one billion cubic meters.
• The excess imports generated an estimated €300 million in additional revenue for the Russian state during 2024.
• Sefe claims the increased imports were to offset lower deliveries from 2023, while the German Federal Ministry for Economic Affairs declined to comment.
• Environmental watchdogs allege that at least 31 shipments used EU-sanctioned Russian icebreakers, raising questions about compliance with sanctions.
• Despite EU goals to phase out Russian gas by 2027, Sefe's continued reliance on long-term contracts underscores the tension between energy security and geopolitical objectives.