Barter, a leading Polish LPG distributor controlled by Wiktor Gryka, has acquired the Polish assets of Novatek Green Energy (NGE), previously owned by Russian energy giant Novatek. This is the first-ever asset takeover conducted under Poland’s sanctions law, introduced after Russia’s full-scale invasion of Ukraine. The transaction, finalized on June 27, followed months of legal proceedings, including court rejection of a competing claim from employee-founded Geleo. NGE had been under temporary forced administration since 2022.

The acquired assets include LPG terminals, LNG regasification stations, tank installations, gas cylinders, and distribution networks. Some terminals, inactive since sanctions were imposed, are set for reactivation and investment. Barter expects this move to expand its presence, especially in western and southern Poland, and strengthen its market competitiveness.

Industry experts consider the deal significant due to its precedent-setting nature and Barter's strengthened logistics infrastructure. Novatek, deeply linked to the Kremlin and sanctioned by Western governments, lost key Polish holdings as a result of geopolitical shifts. The transaction reflects growing efforts in Poland to cut ties with Russian energy firms and promote national energy independence. Barter plans further large-scale investments in the newly acquired infrastructure to support growth and increase supply capabilities.

(pb.pl)