Germany's natural gas storage facilities are now more than 90% full in preparation for the winter heating season and rising steadily despite Russia cutting off deliveries through a major pipeline , authorities said.
FILE -- The gas storage plant Reckrod is pictured near Eiterfeld, central Germany, on July 14, 2022. German authorities say the country's gas storage facilities are now more than 90% full, moving ahead steadily despite Russia's move to cut off deliveries through a major pipeline.
FILE -- The gas storage plant Reckrod is pictured near Eiterfeld, central Germany, on July 14, 2022. German authorities say the country's gas storage facilities are now more than 90% full, moving ahead steadily despite Russia's move to cut off deliveries through a major pipeline. BERLIN — German natural gas importer Uniper said Tuesday that it’s in “final discussions” with the government on an agreement for Berlin to take a majority stake — ramping up a July rescue deal as its losses mount followingUniper said the amended bailout package would feature a capital increase to the tune of 8 billion euros , which the government would finance. The German government also would acquire the majority stake now held by Finland-based Fortum.
“As a result, it is envisaged that the Federal Government will obtain a significant majority stake in Uniper,” said the company, which on a possible nationalization last week. It added that “the final agreement has not yet been concluded.”, which foresaw it taking a roughly 30% stake, after Russia’s cuts to natural gas supplies forced Uniper to buy gas at far higher prices on the market to fulfill its supply contracts.The Uniper rescue is one of several measures taken by the government to try to ensure sufficient energy supplies this winter. Others include filling natural gas storage facilities.
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