Will Gazprom’s UK business rebrand?

The reported move will allegedly help Gazprom Energy improve its survival prospects

Big Zero Report 2022

Gazprom‘s UK unit is reportedly considering rebranding.

The Financial Times has reported that Gazprom Energy is looking into the option of adopting its UK parent company’s name, GM&T.

Gazprom Energy, which provides nearly 20% of gas used by British firms, is allegedly in a bid to improve its chances of survival as the company was reportedly on the brink of collapse in March.

Reports had previously claimed that if Gazprom Energy failed, it would be put into taxpayer-funded special administration, as occurred in November with Bulb, Britain’s seventh biggest residential energy supplier.

In a statement, Gazprom Energy said: “We noted the recent media coverage around Gazprom Energy, GM&T and Gazprom Germania. These points, many of which have been sensationalised, have been repeatedly covered over the last three months and we have addressed these in our previous statements.

“However, this gives us the opportunity to reiterate our gratitude for the commitment and professionalism of our teams who remain committed to Gazprom Energy and its customers.

“Despite recent challenges, our business remains financially robust, we are recruiting new people and we continue to deliver the same level of service as we always have. Strategic projects to increase competitiveness are underway and we are actively renewing customer contracts and winning new clients.”

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