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…
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Uniper Endures Steep 2022 Losses to Replace Russian Natural Gas, Forecasts Impacts to Continue
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 Agrees to Buy Uniper’s Stake in Key European Natural Gas Pipeline Connection
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 Uniper Moves to Recover Natural Gas Losses from Russia’s Gazprom
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 Operator Gains Access to Survey Ruptured Pipelines – The Offtake
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.

Uniper Sees LNG as Stabilizing Force After Record Losses from Russian Natural Gas Curtailment
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…

German Government to Nationalize Country’s Largest Natural Gas Importer Uniper SE
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 Grows U.S. LNG Offtake with Commonwealth Deal After Commitment to Germany
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…

European Natural Gas Crisis Spills Into Power Markets as Prices Hit Record Highs
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 Inks Initial LNG Supply Agreement for Two Terminals
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…