Situation in Europe is "dire" - Sept 21
Posted: Wed Sep 21, 2022 12:11 pm
Germany To Nationalize Struggling Uniper In Deepening Energy Crisis
BY TYLER DURDEN
WEDNESDAY, SEP 21, 2022 - 07:59 AM
Germany on Wednesday announced a move to nationalize struggling natural gas supplier Uniper SE as it strives to keep the industry functioning in the wake of a global energy crisis, according to Reuters.
Uniper is Germany's largest importer of Russian NatGas and has suffered tremendous losses after Russian energy giant Gazprom slashed Nord Stream 1's pipeline capacity to zero, forcing the utility to purchase natgas outside contracts on the open market at record high prices.
Read more: https://www.zerohedge.com/commodities/g ... rgy-crisis
BY TYLER DURDEN
WEDNESDAY, SEP 21, 2022 - 07:59 AM
Germany on Wednesday announced a move to nationalize struggling natural gas supplier Uniper SE as it strives to keep the industry functioning in the wake of a global energy crisis, according to Reuters.
Uniper is Germany's largest importer of Russian NatGas and has suffered tremendous losses after Russian energy giant Gazprom slashed Nord Stream 1's pipeline capacity to zero, forcing the utility to purchase natgas outside contracts on the open market at record high prices.
Read more: https://www.zerohedge.com/commodities/g ... rgy-crisis