VNG (VNG.UL), one of Germany’s biggest importers of Russian natural gas, on Friday asked the government for aid to stay afloat, the latest European energy firm to seek state support because of Moscow’s supply cuts. While the company did not disclose any details, this could theoretically include a request for partial state ownership according to stabilisation measures covered by Germany’s Energy Security of Supply Act. “Until the start of the Russian war of aggression, VNG was a healthy corporate group contributing to the security of supply of gas in Germany,” said VNG, 74%-owned by German utility EnBW (EBKG.DE) . “The impacts of the Russian war on the energy markets placed VNG in an increasingly critical financial situation through no fault of […]