from Caspar Busse and Björn FinkeIt is a company of sad superlatives: the energy supplier Uniper reported at the end of 2022 that a loss of more than 40 billion euros was expected for the first nine months of last year. Even if the company surprisingly announced on Wednesday afternoon that business is going better again and losses will be lower - it's a disaster. The culprits are the Russian invasion of Ukraine, Gazprom's freeze on gas supplies - and...
After months of criticism of its involvement in Russia, the BASF subsidiary Wintershall Dea is now drawing a line: the oil and gas company announced on Tuesday evening that it would "completely withdraw from Russia"https://www.sueddeutsche.de/wirtschaft/." Eine Continuing our business in Russia is not sustainable," said Mario Mehren, CEO of Wintershall Dea. "In recent months, the Russian government has restricted the activities of Western companies in the country. In addition, external interference in the activities of our joint ventures has meant...
from Björn Finke, BrusselsAfter almost two years Klaus-Dieter Maubach is over. And at least the second half of this short term was disastrous for Uniper's CEO. Germany's by far largest gas importer has accumulated such high losses after Russia's delivery stop that the federal government has to save and take over the company with up to 34.5 billion euros in taxpayer money. Shareholders and the Competition guardian of the EU Commission just before Christmas. Three weeks later, Maubach now announces...
Florian Bieberbach explains why Munich is currently one of the most expensive cities in Germany when it comes to energy - but there was no need for price brakes. A conversation about the need to save gas and energy projections for 2023.Interviewed by Anna Hoben and Catherine HoffmannSZ: Mr. Bieberbach, are you glad that the past year with its upheavals in the energy market is over? source site
Florian Bieberbach explains why Munich is currently one of the most expensive cities in Germany when it comes to gas, electricity and district heating - and why the government's price brakes still didn't need it. A conversation about the high yields of the SWM wind farms and the Isar 2 nuclear power plant as well as the energy forecasts for 2023.from Anna Hoben and Catherine HoffmannSZ: Mr. Bieberbach, are you glad that the past year with its upheavals in the...
Why it will only become clear in the coming year whether Germany will come through the gas crisis well - and whether the country will use a great opportunity for climate-friendly alternatives. source site
Gas prices in Europe have fallen to their lowest level since the start of the Ukraine war amid low holiday demand and relatively mild temperatures. At the TTF trading point in the Netherlands, a megawatt hour of gas cost just under 83 euros on December 23, the lowest since February 24, when Russian forces attacked Ukraine. There is also relaxation with electricity these days. On Monday afternoon at 12 noon, the electricity price is 54 euros - after almost 250...
HomeBusinessEuropean Unionenergy crisis:EU allows billions in aid for UniperDecember 20, 2022 at 9:41 p.mOpen detailed viewFoyer of the Uniper headquarters in Düsseldorf: The EU Commission has approved German billions in aid for gas importers. (Photo: Oliver Berg/dpa)However, the gas importer has to give up shares in order to do so. However, the conditions are milder than feared.By Björn Finke, BrusselslistenNoticeSplitfeedbackTo pressThe EU Commission has approved the federal government's billions in aid for the ailing gas importer Uniper. This was subject...
HomeBusinessenergyenergy policyBusiness location AustriaIT location BavariaTrisor lockerpress portalpower supply:"The country is far from over the mountain"December 20, 2022 at 1:08 p.mReading time: 6 minsOpen detailed viewKatherina Reiche has been managing the Eon subsidiary Westenergie for three years. (Photo: Catrin Moritz/Westenergie AG)Germany should secure as much gas as possible for the next year, demands Katherina Reiche. The Westenergie boss and ex-CDU politician on impending bottlenecks, the increasing importance of hydrogen and the heat transition.Interviewed by Michael Bauchmüller and Claus Hulverscheidt, EssenlistenNoticeSplitfeedbackFrom...
HomeBusinessenergyenergy policyBusiness location AustriaIT location BavariaTrisor lockerpress portalpower supply:"The country is far from over the mountain"Dec 20, 2022 12:04 p.mReading time: 6 minsOpen detailed viewKatherina Reiche has been managing the Eon subsidiary Westenergie for three years. (Photo: Catrin Moritz/Westenergie AG)Germany should secure as much gas as possible for the next year, demands Katherina Reiche. The Westenergie boss and ex-CDU politician on impending bottlenecks, the increasing importance of hydrogen and the heat transition.Interviewed by Michael Bauchmüller and Claus Hulverscheidt, EssenlistenNoticeSplitfeedbackFrom her...
