
German Gas Importer Faces Insolvency
Germany’s largest gas importer, Uniper, has now asked for financial aid from the state, but a nationalization might bear political risks for the Greens due to ongoing lawsuits against the closure of coal plants.

Germany’s largest gas importer, Uniper, has now asked for financial aid from the state, but a nationalization might bear political risks for the Greens due to ongoing lawsuits against the closure of coal plants.

Kukies said that weaning from European reliance on the 158 billion cubic metres (bcm) per year of gas that Russia supplies is the block’s biggest energy challenge.

With German gas reserves at a precariously low level for winter, Germany has decided to continue shunning nuclear energy, and has opted to reactivate coal plants.

The Netherlands, Italy, France, Spain, Denmark, Poland, Germany, and Ukraine have bought coal from South Africa so far this year.