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The Latest Breaking News from Uniper

German gas giant takes Gazprom to court over supply halts

Frankfurt (Germany) (AFP) - German energy giant Uniper said Wednesday it was taking Gazprom to an international tribunal over the Russian company's failure to deliver gas, saying it has so far cost them 11.6 billion euros ($12 billion).

AFP

Uniper rescue to cost Germany an extra 25 bn euros

Frankfurt (AFP) - Troubled gas giant Uniper on Wednesday said the German government would need to spend an additional 25 billion euros under a planned nationalisation to stave off the firm's collapse in the wake of Russia's war in Ukraine.

AFP

Energy crisis sires new European order: a strong Italy and ailing Germany

In the weeks after Russia's invasion of Ukraine on Feb. 24, Claudio Descalzi, CEO of Italian energy major Eni, embarked on a whirlwind of trips to gas suppliers in Africa.

Reuters

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Uniper strikes deal to keep Ratcliffe-on-Soar power station running to help country through winter fuel crisis

Uniper willing to help the country in what it said was an 'unprecedented situation'

Birmingham Post

Nottinghamshire's only coal-fired power station to keep burning amid Ukraine war

The Government says that "back-up" supply is needed

Nottingham Post

Cost of living crisis: what are the rest of the G7 doing?

From generous one-off benefit payments to caps on rent increases, state intervention is taking shape across the G7

The Guardian - UK

US Federal Reserve fights inflation with third 0.75% rate hike

The US Federal Reserve has raised interest rates by 0.75 percent for the third time in a row, bringing America's borrowing costs to the highest level since 2008. Like other central banks, the Fed hopes to tame inflation, which is hovering near 40-year highs. Also in the show: the German…

France 24

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Germany to nationalise embattled gas giant Uniper as energy crisis looms

The German government has agreed to nationalise the embattled gas giant Uniper, which ran into financial problems after the curtailment of Russian supplies.

The Independent UK

Germany takes over Uniper, raising rescue bill to $29 billion

Germany on Wednesday agreed to nationalise Uniper, raising the bill to rescue the gas importer to 29 billion euros ($28.7 billion) amid an escalating energy crisis that shows just how much Europe's top economy has relied on Russian fuel.

Reuters

Top Financial Media Stories Wednesday, September 21: Amazon's Roomba Maker Acquisition Attracts Regulatory Attention, Binance And FTX Bid For Voyager Digital's Assets, Germany Nationalizes Gas Giant Uniper To Avert Energy Crisis And More..

Wall Street Journal

Benzinga

Power generator Uniper nationalised by German government as stabilisation measure over energy crisis

Gas-focused business with major UK assets has been hit by hikes and impact of Russia's Ukrainian invasion - no plans to sell off

Birmingham Post

Germany nationalises biggest gas importer to avert supply crisis

Deal includes €8bn cash injection for Uniper, which had been controlled by Finnish energy group Fortum

The Guardian - UK

Germany reaches deal to nationalise troubled gas giant Uniper

Berlin (AFP) - Germany has reached a deal to nationalise troubled gas giant Uniper, the government said Wednesday, as the energy sector reels from the fallout of Russia's war in Ukraine.

AFP

Germany nationalizes country's biggest gas importer Uniper

The German government has agreed to nationalize the country’s biggest gas importing company, Uniper, expanding state intervention in the industry to prevent an energy shortgage resulting from Russia’s war in Ukraine

The Independent UK

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AFP

Germany in 'final discussions' over Uniper nationalisation

Frankfurt (AFP) - German gas company Uniper said Tuesday it was on the brink of being nationalised as Berlin stepped in to prop up the energy sector amid a crisis triggered by the Russian invasion of Ukraine.

The National (Scotland)

Germany working on nationalisation of three major gas companies in historic bid

GERMANY is reportedly in advanced talks to nationalise three large gas importers in a bid to prevent the collapse of its energy market.

The Guardian - UK

Gas importer Uniper in nationalisation talks with German government

Terms under discussion include increasing state’s holding to 50% as pressure on supplies continues

The Independent UK

German government could raise stake in gas supplier Uniper

German energy supplier Uniper says it is exploring the possibility of the government acquiring a majority holding in the company as its losses mount

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Reuters

EU seeks $140 billion to insulate consumers from energy crisis

The European Union's executive outlined plans on Wednesday to raise more than $140 billion from energy firms to help shield households and businesses from soaring prices that threaten economic recession and insolvencies.

ABC News

Woodside's multi-billion-dollar Scarborough gas expansion off northern WA sparks global protests

The energy giant's plans have sparked protests in Germany, but the debate on the streets of Karratha is more complex.

AFP

More European energy firms get state aid as prices soar

Helsinki (AFP) - Finland and Switzerland offered financial backing to utility companies on Tuesday, the latest energy firms in Europe to receive state support as gas prices have spiked since Russia invaded Ukraine.

Nottingham Post

Ratcliffe-on-Soar power station unit may stay open for 'back-up electricity' this winter

It was due to be decommissioned in September

Nottingham Post

Success for Notts music festival that was declared a scam after power station confusion

Just over 450 people attended the event

The Independent UK

Coal power plant closure ‘postponed to ward off winter blackouts’

The National Grid has already made deals with Drax and EDF to keep open two units each from October to the end of March

The Guardian - UK

Closure of coal power station set to be delayed to prevent UK blackouts

Under deal, German owner of Nottinghamshire station would be paid a fee to pause decommissioning

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