Germany Could Nationalize Its Biggest Gas Importer ...Middle East

Economy by : (OILPRICE) -
Germany is considering the potential nationalization of energy giant Uniper, the country's biggest gas importer whose losses continue to mount in the worsening energy crisis despite a multi-billion bailout earlier this summer, sources with knowledge of the discussions told Bloomberg on Wednesday. The German government and the biggest German buyer of Russian gas, Uniper, agreed in July on a $15 billion bailout package to help the energy giant, which has been reeling from reduced Russian gas supply and soaring prices of non-Russian gas. Under the…

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