Uniper

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…

Uniper SE said Wednesday that the German government would spend 8 billion euros ($7.9 billion) to take a 99% stake in the company and nationalize the country’s largest utility.  The German government would also acquire all the shares held by Uniper’s largest stakeholder, Finnish energy company Fortum Oyj. The deal amends a bailout announced in…

Woodside Energy Group Ltd., one of Australia’s largest energy companies, finalized offtake agreements for U.S. supply from Commonwealth LNG as it expands its own supply obligations to Europe. Woodside Energy, formerly Woodside Petroleum, disclosed Tuesday it has inked two 20-year sale and purchase agreements (SPA) for up to 2.5 million metric tons/year (mmty) of liquefied…

The cost of electricity has surged to record highs across Europe this week, following a meteoric rise in natural gas prices that could pave the way for painfully high consumer rates across the continent through the winter and well beyond. Electricity futures across much of the continent jumped above 600 euros/MWh this week, an exponential…

Germany’s government has moved to secure supply for its two developing LNG terminals with a tentative agreement between some of the country’s largest energy firms. Economy Minister Robert Habeck signed a memorandum of understanding (MOU) Tuesday with Uniper SE and RWE AG agreeing to cooperate on supplying liquefied natural gas (LNG) for two import terminals…