Economy

German energy firm Uniper seeks help from state amid gas bottleneck

Uniper's shares lost 20% in stock market

Bahattin Gönültaş   | 30.06.2022
German energy firm Uniper seeks help from state amid gas bottleneck

BERLIN

German energy firm Uniper has lowered its profit forecast for 2022 as Russia cut its gas supply to Europe causing a steep rise in energy prices.

Uniper is also in talks with the German government about possible stabilization measures for liquidity such as loans and equity investments.

Since June 16, only 40% of the contractually agreed gas amount has been received from Gazprom, Russia's state-owned energy company, it said.

Uniper's shares lost nearly 20% in the stock market on Wednesday.

* Writing by Gokhan Ergocun from Istanbul

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