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Less gas from Russia: Uniper talks to the federal government

2022-06-29T19:20:35.258Z


Less gas from Russia: Uniper talks to the federal government Created: 06/29/2022, 21:09 View of the natural gas receiving station of the European gas pipeline connection Eugal. © Stefan Sauer/dpa/symbol image The energy supplier Uniper has dropped its earnings forecasts for the current year due to the restricted gas supplies from Russia and is talking to the federal government about stabilizati


Less gas from Russia: Uniper talks to the federal government

Created: 06/29/2022, 21:09

View of the natural gas receiving station of the European gas pipeline connection Eugal.

© Stefan Sauer/dpa/symbol image

The energy supplier Uniper has dropped its earnings forecasts for the current year due to the restricted gas supplies from Russia and is talking to the federal government about stabilization measures.

The company is examining how the company's liquidity can be further secured, Uniper announced on Wednesday evening in Düsseldorf.

Düsseldorf – Among other things, they are talking to the federal government about possible measures such as guarantees and security payments, an increase in the credit lines from the state development bank KfW that have not yet been used, but also about equity investments.

After hours on the Tradegate trading platform, the Uniper share lost more than five percent compared to the Xetra closing price.

The MDax company suspended the previous earnings forecast.

In the first half of the year, operating profits should also be significantly below those of the same period last year, it said.

The background is the effects of the current gas supply restrictions by the Russian state-owned company Gazprom.

According to Uniper, since June 16, 2022, it has only received 40 percent of the contractually guaranteed gas volumes from Gazprom and has had to procure replacement volumes at great expense.

Uniper assumes that if the Federal Network Agency determines and announces the gas shortage, some of the current burdens can be passed on to customers.

dpa

Source: merkur

All news articles on 2022-06-29

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