Friday, September 12, 2025

‘More Bailouts, Please’: Uniper Would Need Up To €40 Billion From German Government — Sources

The German government needs to inject tens of billions of euros into Uniper to help it weather a European gas crisis after a previous scheme to assist the struggling gas importer was abandoned, sources told Reuters.

According to German newspaper Handelsblatt, which broke the news of the need for additional cash, the total additional support might be up to 40 billion euros, citing government and financial sources. Future gas price movements would decide the actual financial deficit.

The sources also said the additional funds will come from a 200 billion euro government initiative to assist homes and industry, which had planned “tailor-made” solutions to boost gas importers Uniper, Sefe, and EnBW’s VNG.

In September, Chancellor Olaf Scholz pledged to nationalize Uniper, committing 29 billion euros ($28.4 billion) to support Germany’s largest gas importer. Afterwards, the ruling coalition had planned to boost that support with monies earned from gas levy. The plan was later repealed, requiring the government to contribute more funds separately.

Uniper first sought government assistance after becoming an early casualty of Europe’s energy crisis this summer, when Russia curtailed gas supply to Europe in apparent retaliation for sanctions imposed over the Ukraine conflict. CEO Klaus Dieter Maubach stated in September that the company was losing roughly 100 million euros per day on gas purchases and would lose 10 billion euros in the fourth quarter without funding support from the gas levy.


Information for this briefing was found via Reuters. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Natural Gas Futures Recede From Highs Amid Seasonally Warm Temperature Forecasts

Natural gas futures in the US slumped from their soaring highs on Wednesday, after weather...

Thursday, September 30, 2021, 10:11:00 AM

Natural Gas Is The Transition Fuel Of The Future – The Daily Dive feat Ronald Pantin of NG Energy

Starting off the week on the Daily Dive is that of Ronald Pantin, whom is...

Monday, January 11, 2021, 01:30:00 PM

NG Energy Releases Reserves Report For Magico-1X, Reveals Plans To Drill Two Wells In Two Months

The results are in for NG Energy (TSX: GASX) for their Magico-1x well. The firm...

Friday, September 2, 2022, 08:42:09 AM

Coal Demand And Prices Continue To Soar; Yet Coal-Fired Power Is Still Cheaper Than Gas-Fired Electricity

Remarkably, in a world where dire warnings of the impact of climate change are issued...

Monday, July 25, 2022, 03:58:00 PM

NG Energy Begins Production At Maria Conchita Gas Field

It may have taken longer than initially forecasted, but NG Energy (TSXV: GASX) has officially...

Monday, August 8, 2022, 08:39:16 AM