IUX24
TopMarketWorldEconomyFinanceTechnologyBusinessPoliticsAnalysis & Opinion

Uniper CEO says utility is shielded from Middle East conflict

CEO Michael Lewis says the utility does not procure LNG from the region and is more resilient than in 2022. Markets expect a short-term conflict to resolve.

Xurve View
Insights:

The Germany utility Uniper SE is currently shielded from the energy volatility sparked by the latest conflict in the Middle East, according to Chief Executive Michael Lewis. Speaking on Wednesday following the release of the group's annual results, Lewis clarified that the company does not procure liquefied natural gas (LNG) from the region where recent United States and Israel military actions against Iran have caused fluctuations in oil and gas prices.

Uniper Chief Executive Michael Lewis is interviewed at the Ratcliffe-on-Soar power station in Britain following its closure in October 2024. REUTERS/Phil Noble
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.