Uniper Fills 70 Percent of Gas Storage

German utility Uniper has filled 70 percent of its contracted natural gas storage capacity. CEO Michael Lewis noted market challenges from the Iran conflict. Uniper also signed a new supply deal with Norway.

Xurve View
Insights:
FILE PHOTO: Logo of Uniper is pictured at the company's headquarters, as Germany agreed to nationalize Uniper by buying Fortum's stake in the gas importer to secure operations and keep its business going, in Duesseldorf, Germany, September 21, 2022. REUTERS/Wolfgang Rattay/File Photo

UNIPER SE has filled 70% of its contracted Natural Gas storage capacity despite unfavorable wholesale prices, CEO Michael Lewis said on Monday afternoon.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.