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“Big Business” N°95: Fear over Germany


EXCLUSIVE LETTER TO SUBSCRIBERS - The prospect of a Russian gas supply disruption is causing - finally - a commotion in Europe.

Dear subscribers,

The energy crisis in Europe has taken a new step.

In recent days, the possibility of a cut in the supply of Russian gas to the European Union has become more likely.

The consequences become systemic.

The response from the public authorities is being organised.

Germany is at the heart of this awareness sequence.

An event last week marked the acceleration of events: it was the call for help from the company Uniper, a major energy supplier across the Rhine.

The company, majority-owned by the Finnish Fortum, was born from the split of the fossil activities of the E.On group in 2016. It is now facing a massive financial risk: brutally deprived of part of its gas supplies, with the fall of 60% of Russian deliveries carried out by the NordStream 1 gas pipeline, Uniper must seek gold prices on the gas volume market to serve its customers.

Faced with this situation which is leading Uniper…

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Source: lefigaro

All business articles on 2022-07-05

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