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Keyword: inkekappeler

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  • Germany nationalizes its biggest natural gas importer

    09/22/2022 8:34:53 AM PDT · by BenLurkin · 50 replies
    CNN ^ | Inke Kappeler, Allegra Goodwin and Mark Thompson,
    Germany is nationalizing Uniper, its biggest importer of natural gas, as part of an €8 billion ($7.9 billion) plan to prevent an energy shortage this winter. Europe has been hit by soaring natural gas and electricity prices as a result of Russia's invasion of Ukraine and its throttling of gas supplies. The German government will hold around 99% of Uniper after injecting new capital and buying out its Finnish parent company Fortum (FOJCF), German Economy Minister Robert Habeck told journalists in Berlin on Wednesday. Uniper provides 40% of the country's gas supply and is crucial for large companies and private...