Uniper, as Germany’s biggest importer of gas, has been hit hard by vastly reduced gas flows via pipelines from Russia, which have sent prices soaring.
with a 15-billion-euro rescue deal to provide the embattled firm with some financial relief. Maubach said on Tuesday that some of the details still needed to be ironed out with this stabilization package.
Shares of Uniper were 3.5% lower on Tuesday morning. The Frankfurt-listed stock price is down more than 88% year-to-date.backed a plan to propose a cap on the price of Russian oilGazprom said the shutdown was due to an oil leak in a turbine. The Nord Stream 1 pipeline, which connects Russia to Germany via the Baltic Sec, had been scheduled to reopen on Saturday after three days of maintenance work.
It was widely interpreted as the clearest indication yet that Russia is likely to push for Europe to lift punitive economic sanctions in order for the Kremlin to turn the taps back on. Asked whether it was possible that Uniper could work again with Gazprom should the Kremlin's war with Ukraine come to an end, Maubach said the firm's relationship with Russia stretched back to the 1970s and he had personally defended Gazprom as a reliable energy supplier after the war started with Ukraine in late February.
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