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Uniper Blames Majority of Loss on Russian Gas Situation

NATURAL GAS

Lower Russian gas supplies have forced Germany’s Uniper to the spot market resulting in an H1 loss of 12.3 billion euros.

  • "Uniper has, for months, been playing a crucial role in stabilising Germany's gas supply - at the cost of billions in losses resulting from the sharp drop in gas deliveries from Russia," Chief Executive Klaus-Dieter Maubach said.
  • Uniper blames over half the loss on a reduction in Russian gas flows.
  • The company received a 15 billion euro bailout last month from the government, giving it a 30% stake.
  • Uniper expects to leave the “loss zone” in early 2024.
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Lower Russian gas supplies have forced Germany’s Uniper to the spot market resulting in an H1 loss of 12.3 billion euros.

  • "Uniper has, for months, been playing a crucial role in stabilising Germany's gas supply - at the cost of billions in losses resulting from the sharp drop in gas deliveries from Russia," Chief Executive Klaus-Dieter Maubach said.
  • Uniper blames over half the loss on a reduction in Russian gas flows.
  • The company received a 15 billion euro bailout last month from the government, giving it a 30% stake.
  • Uniper expects to leave the “loss zone” in early 2024.