Uniper's gas inventories decimated first-quarter profit
This year’s first three months took a toll on the German utility, hit especially hard by impairments on both Nord Stream 2 and Unipro, while more natural gas on store has Uniper maintaining annual guidance.
BY ANNE FILBERT, TRANSLATED BY DANIEL FRANK CHRISTENSEN
Businesses involved with natural gas were likely more pleased with themselves in late 2021 than during the first quarter of 2022 – especially those with ties to Russia. German power company Uniper describes this year’s Q1 as ”weak”, which might come as the greatest surprise.
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