Uniper

Uniper is taking advantage of weak market incentives to store gas and has positioned itself as a guarantor of supply security, for example through LNG contracts and pipeline agreements. Germany’s gas storage was around 53 percent full at the end of summer, well below the legally targeted goal of about 70 percent by November, because the summer–winter price spread provides no incentive to store. Uniper operates roughly 24 percent of German storage capacity and has already notified plans to decommission the Breitbrunn storage facility; the Bundesnetzagentur is examining the implications for supply security. Politicians and the market are discussing measures such as a national reserve or regulatory changes, but short-term legal instruments are still missing. » Mere på wiwo.de

Uniper is strengthening its role as central gas importer and Germany's largest storage operator, while national gas storage facilities were only about 53 percent full in mid-September and the legal target of roughly 70 percent by early November is at risk. Traders lack economic incentives to inject gas because the summer–winter spread is barely profitable this year, which is why Uniper and politicians are debating reserve models and state interventions. Uniper is negotiating new supply contracts, including LNG from Canada, and is using its supply role to raise its profile ahead of a planned partial sale of the state's stake by the end of 2028. » Mere på wiwo.de

Uniper again plays a key role as the largest storage operator and state buyer because Germany’s gas storage was only about 53% full midweek and the statutory target of roughly 70% by early November still needs to be met. The company operates six storage facilities accounting for around 24% of national capacity and is seeking new supply contracts (including Canada, Equinor) to strengthen its supply function and attractiveness ahead of an upcoming partial sale. Economic incentives to inject gas are currently lacking due to a small summer-winter price spread, prompting operators to apply to mothball sites such as Breitbrunn; political measures for a national reserve are not yet in effect. » Mere på wiwo.de