Energy prices prompt Uniper to take out more credit facilities

The German utility has drawn down all of its existing EUR 1.8bn bank line and signed new credit facilities worth EUR 75bn to protect the company against "extreme market development".


On Monday, Uniper's CEO made it clear that he expects Nord Stream 2 to enter operation before long. The German utility, which has financed half of the Russian gas pipeline together with Shell, OMV and Enige, expects no intervention from the German federal government and counts on authorities' efforts to continue as planned.

"It could happen by mid-2022. Nord Stream 2 is important," stated Klaus-Dieter Maubach to German regional daily Rheinische Post.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Nordex books deficit of EUR 133m in Q2

The German wind turbine maker follows rivals noting another big interim loss, with revenue also having taken a hit. That, though, is exactly as expected, says CEO.

Further reading

Related articles

Latest News

See all jobs