Germany’s Top Buyer Of Russian Gas On The Brink Of Insolvency ...Middle East

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Germany’s Top Buyer Of Russian Gas On The Brink Of Insolvency
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Germany’s Uniper SE is just “days” away from insolvency, deputy chairman of Uniper’s supervisory board, Harold Seegatz, told Bloomberg on Friday. Uniper is Germany’s largest purchaser of Russian natural gas, securing contracts with Gazprom. But as Gazprom cut flows of natural gas to Germany and Russia’s Nord Stream 1 pipeline undergoes maintenance, Uniper’s purchases of gas on the spot market have increased—a costlier scenario than its arrangement with Gazprom. The high costs are creating an untenable…

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