Articles tagged Uniper

The Gate LNG import terminal has its first taker for renewable natural gas (RNG) liquefaction capacity at the Netherlands hub as Germany’s largest importer of the super-chilled fuel looks for opportunities to offset its shipping business.

NO. 1: Saudi Arabian Oil Co., aka Aramco, has signed a tentative agreement to purchase 1.2 million metric tons/year (mmty) of LNG from NextDecade Corp.’s Rio Grande export project in South Texas.

A roundup of news and commentary from NGI’s LNG Insight

European Union (EU) natural gas buyers and sellers found a match under the new AggregateEU platform launched by the European Commission (EC) for joint gas purchases.

Uniper SE recorded no losses in the first quarter related to replacing natural gas supplies that were cut off by Russia last year, and the company expects a “strong earnings recovery” after being bailed out by the German government in 2022. 

Germany’s Uniper SE and Finland’s Fortum Ojy disclosed Russia has seized their subsidiaries in the country and placed them under federal control.

A unit of Germany’s Uniper SE has secured a supply agreement for LNG made with renewable natural gas (RNG) for its heavy vehicle fueling network, calling imports of the super-chilled fuel “no longer competitive” for decarbonizing the transportation industry.

Uniper SE said it expects the financial blows it took last year to replace Russian natural gas with costlier spot supplies to impact operations until the end of 2024, at which point it’s unlikely to require equity injections and credit from the German government. 

Enagás SA has agreed to purchase Uniper SE’s stake in the Dutch pipeline company that owns a major natural gas interconnection between the UK  and the Netherlands.

Germany’s recently nationalized utility Uniper SE, previously one of Europe’s largest buyers of Russian pipeline natural gas, is moving to recover some of its monumental losses from Gazprom PJSC while it continues to divest from the country.