Uniper

European Union (EU) natural gas buyers and sellers found a match under the new AggregateEU platform launched by the European Commission (EC) for joint gas purchases. The platform was created last year to help avoid the price hikes seen last summer in Europe and to reduce reliance on Russian pipeline imports. Out of the total…

Uniper SE recorded no losses in the first quarter related to replacing natural gas supplies that were cut off by Russia last year, and the company expects a “strong earnings recovery” after being bailed out by the German government in 2022.  The steep decline in global gas prices since last year has eased the costs…

Germany’s Uniper SE and Finland’s Fortum Ojy disclosed Russia has seized their subsidiaries in the country and placed them under federal control. President Vladimir Putin signed an executive decree Tuesday allowing Russia’s state property management agency to control Uniper’s Unipro and Fortum’s PAO Fortum. Both companies operate power plants in Russia and are majority owned…

A unit of Germany’s Uniper SE has secured a supply agreement for LNG made with renewable natural gas (RNG) for its heavy vehicle fueling network, calling imports of the super-chilled fuel “no longer competitive” for decarbonizing the transportation industry. German firm Revis Bioenergy GmbH plans to begin supplying Uniper’s Liqvis GmbH later this year with…

Uniper SE said it expects the financial blows it took last year to replace Russian natural gas with costlier spot supplies to impact operations until the end of 2024, at which point it’s unlikely to require equity injections and credit from the German government.  Germany’s largest gas buyer was bailed out by the government last…

Enagás SA has agreed to purchase Uniper SE’s stake in the Dutch pipeline company that owns a major natural gas interconnection between the UK  and the Netherlands. The Spanish firm could invest around $81 million for a 20% interest in BBL Co., subject to approval by regulators. BBL Co. is a joint venture company that…

Germany’s recently nationalized utility Uniper SE, previously one of Europe’s largest buyers of Russian pipeline natural gas, is moving to recover some of its monumental losses from Gazprom PJSC while it continues to divest from the country. Uniper management announced in Düsseldorf Wednesday the company is pursuing arbitration to recover damages from Gazprom it claims…

Nord Stream AG, operator of the Nord Stream 1 and Nord Stream 2 natural gas pipeline systems, has been granted access in the security zones around the ruptured lines.

Germany’s Uniper SE reported record losses from January to September as it was battered by Russia’s curtailment of natural gas volumes, but management said the firm is on a path to stability with LNG as a stepping stone. Uniper, Germany’s largest importer of Russian gas, has been navigating a geopolitical and economic crisis since before…