Jul 26, 2022
Germany’s Uniper Getting Less Russian Gas After Gazprom Cuts
(Bloomberg) -- German energy giant Uniper SE is getting even less Russian gas after Gazprom PJSC cut flows via the Nord Stream pipeline, the biggest route to Europe.
The Dusseldorf-based company is getting only 33% of the Russian gas it’s ordering, down from 40% on Monday, according to a Uniper spokesman. The decline comes after Russia said flows from the link that connects Russia directly to Germany are set to drop to 20% of capacity on Wednesday.
The pipeline is now operating with just one turbine. Uniper shares are down almost 13%.
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