Uniper

Uniper is divesting its 20 percent holding in the Opal pipeline and is selling the package to the French financial investor Hy24. The 470-kilometre pipeline, which previously carried Russian natural gas from Nord Stream, is intended to transport hydrogen in the future. The sale is one of several disposals by Uniper, which had to sell assets after the halt in supplies from Russia and the state bailout. » Więcej na sueddeutsche.de

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. » Więcej na 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. » Więcej na wiwo.de