Uniper’s CEO met with the Putin administration in Moscow as recently as November
Uniper to honour Russian gas contracts
German utility writes off Nord Stream 2 investment but cites supply security for maintaining contractual supply
Germany’s Uniper will not cancel its import contracts with Russia’s Gazprom on the grounds of maintaining European gas supply security. But it will record a full impairment loss on its financing of the ill-fated Nord Stream 2 pipeline, resume the sales process of its Russian power generation arm as soon as possible and sign no more agreements for Russian gas imports. Uniper, majority-owned by Finnish utility Fortum, has c.35.7bn m³ of gas under multi-year long-term supply deals, of which 19.3bn m³ is Russian. “Uniper sees it as its mission to do everything in its means to supply people in Germany and Europe with energy… especially in these volatile times, the firm says, promising to “continu
Also in this section
9 January 2026
OPEC+ remains on track as output falls, with only Gabon failing to hit its output targets in December, although Kazakhstan’s compliance was involuntary
9 January 2026
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
9 January 2026
While many forecasters are reasserting the importance of oil and gas, petrostates should be under no illusion things are changing, and faster than they might think
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
