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Germany nationalises gas group Uniper in scramble to secure supply

By Kristi Knolle, Anne Kauranen

Germany nationalises gas group Uniper in scramble to secure supply

Reuters · 21 Sep 2022 · 2min

Germany confirmed the nationalisation of struggling gas importer Uniper at a cost of 8 billion euros ($7.9 billion) on Wednesday as it scrambles to secure power for Europe's largest economy after Russia cut back supplies.

Nationalising Germany's largest importer of Russian gas is the second move in a week by the government in Berlin to take control of an energy business as it confronts a winter crisis.

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