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Uniper flags $6.3 billion in losses due to Russian gas crisis
2022.07.22 16:49
FILE PHOTO: General view of Uniper’s Bierwang gas storage facility near the Bavarian town of Kraiburg am Inn, Germany, June 10, 2022. REUTERS/Andreas Gebert
FRANKFURT (Reuters) – Uniper will accumulate losses of 6.2 billion euros ($6.3 billion) due to reduced deliveries of Russian gas that have forced the company, which received a bailout on Friday, to buy gas at much higher prices elsewhere.
The loss estimate refers to the time period starting June 14, the day Russia cut flows of the Nord Stream 1 pipeline by 60%, to Sept. 30, the end of the third quarter, according to presentation slides.
($1 = 0.9819 euros)
