Beijing time:2022-09-22 09:03
【New Tang Dynasty Times, Beijing time, September 22, 2022】RussiaSuspension of North Stream Onenatural gassend, orderGermanyThe energy industry is in jeopardy.Following last week’s control of severalRussiaAfter holding the refinery, Germany announced on Wednesday (September 21) that it willEnergy giant UniperNationalized to prevent the collapse of the energy industry.
GermanyThe government announced on Wednesday that it would inject 8 billion euros into thenatural gasThe giant company Uniper was nationalized, and at the same time spent 500 million euros to buy nearly 80% of the shares held by Uniper’s Finnish parent company Fortum. After the transaction is completed, the German government will hold regarding 99% of Uniper’s equity, ensuring that Uniper will not go bankrupt in the energy crisis.
Klaus-Dieter Maubach, CEO of Uniper Energy, said: “If our company goes bankrupt, it will certainly trigger a chain reaction in the German gas supply, possibly all the way to Germany’s electricity supply, and even to countries outside Germany.”
If Uniper does go bankrupt, Germany’s entire energy industry will collapse.
German Economy Minister Habeck: “After an analysis of the market and a study of alternatives, we have taken this decision to ensure the security of the (energy) supply in Germany.”
Uniper mainly buys gas from Russia and sells it to German customers, earning the difference. Uniper had to buy more expensive alternatives such as LNG to keep supplies following Russia cut gas supplies. While the cost has increased significantly, it has been firmly restricted by the energy price ceiling, and the loss has reached 10 billion euros.
In order to ensure the security of energy supply, the German government had to come to the rescue. Economy Minister ROBERT HABECK said,nationalizationThe program will take at least 3 months to complete.
Comprehensive report by NTDTV reporter Lin Yi
URL of this article: https://www.ntdtv.com/gb/2022/09/22/a103533969.html
