Thursday, October 16, 2025

Latest

‘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 The plan was later repealed, requiring the government to contribute more funds separately.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

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

BP Shuts UK Fuel Stations Amid Truck Driver Shortage as Europe’s Energy Crisis Worsens

It appears that Europe’s energy crisis is about to get a lot worse. Oil company...

Friday, September 24, 2021, 02:32:00 PM

Desperate Uniper Seeks Additional $25.8 Billion in Government Funding to Avert Complete Collapse

The soon-to-be government-owned Uniper SE is seeking even more funding, after realizing that the already-sizeable...

Wednesday, November 23, 2022, 11:58:30 AM

Elon Musk Calls For Increasing Domestic Oil And Gas Output Immediately

The oil and gas sector has found an unlikely ally as of last night. In...

Saturday, March 5, 2022, 11:03:00 AM

Will Permian Basin Quakes Lead To Higher Natural Gas Prices?

Recent heightened seismic activity in the Permian Basin gas producing region could have far-reaching implications...

Wednesday, December 21, 2022, 07:32:00 AM

Market Movers: Trillion Energy Continues To Climb As Drill Program Nears

Trillion Energy International (CSE: TCF) has been an outlier over the course of the last...

Friday, August 26, 2022, 02:45:00 PM