Germany Forced to Bail Out Uniper in $15 Billion Deal

GALWAY, IRELAND--August 2, 2022--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Germany has been forced to bail out one of its largest gas storage and energy companies, Uniper SE (Dusseldorf, Germany), to the tune of 15 billion euro (US$15.2 billion) due to Russia's strangling of gas supplies into Europe.

Within this article: Details financial boost to prop up Uniper, impact of reduced Russian gas supplies, LNG plans and projects