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REVEALED: Uniper | Vintage Vibes

Germany risks missing gas storage target as industry faces cold-winter threat

Germany will miss its November gas-storage target if injections continue at their current pace, the country’s storage association has warned. Although there is no immediate gas shortage, low storage levels combined with a very cold winter could threaten industrial production in the country.

Euronews

Nationalise gas power plants to boost energy security, thinktank urges UK ministers

Common Wealth says private gas-fired stations can charge exorbitant fees when renewable energy is in short supply

The Guardian - UK

Two power station owners to get more than £12m for three hours of electricity

Uniper and a subsidiary of Vitol able to charge 50 times recent market price to ensure supply during evening peak

The Guardian - UK

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Britain's Last Coal-fired Power Station Closes

The UK's last coal-fired power station will officially close its doors on Monday, making Britain the first G7 country to end its reliance on the fossil fuel to produce electricity.

International Business Times

End of an era as Britain’s last coal-fired power plant shuts down

UK’s 142-year history of coal-fired electricity ends as turbines at Ratcliffe-on-Soar plant in Nottinghamshire stop for good

The Guardian - UK

Ukraine’s more liberal use of allied weapons complicates Russian logistics

But observers say Ukraine needs a completely free hand to strike Russian soil if it is to win the war.

Al Jazeera

German energy company Uniper says a tribunal awarded it billions in damages from Russia's Gazprom

German energy company Uniper says a tribunal has awarded it more than 13 billion euros (nearly $14 billion) in damages for gas that Russia's Gazprom hasn’t supplied since 2022

The Independent UK

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Uniper's Russian Gas Contracts May Impact Listing

Uniper faces challenges in listing Russian gas contracts amid Ukraine crisis and scrutiny over ties to Gazprom.

Top News

France's Veolia to buy Hungarian gas-fired power plant

French energy giant Veolia has agreed to buy a 430-megawatt, gas-fired power plant in Hungary from German company Uniper. It is the latest move by Paris to further its involvement in Hungary's energy sector, which is largely dependent on Russia.

Radio France Internationale

EU climate proposals are clashing with energy giants' love of fossil fuels

The EU is pushing climate action at the United Nations COP, but the region's biggest companies—Shell, BP, TotalEnergies—have doubled down on fossil fuels.

Fortune

There are 74 women in the CFO role at companies on the inaugural Fortune 500 Europe list

Together, the 500 companies brought in revenue of $13.94 trillion in their most recent fiscal year.

Fortune

National Grid says blackouts less likely this winter

Higher gas storage levels in Europe help leave Great Britain in stronger position, says operator

The Guardian - UK

Electricity firms face penalties for ‘manipulating’ grid in Ofgem crackdown

Regulator aims to stop power plants’ tactic that costs households hundreds of millions of pounds

The Guardian - UK

Why did National Grid use coal to meet surge in electricity demand?

When rising temperatures put a strain on electricity supply on Monday, National Grid turned to coal to ease the pressure, rather than renewables

The Guardian - UK

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Nottingham Post

Key step in plans to demolish cooling towers at Ratcliffe-on-Soar Power Station

Plans for the future of the site have also been put forward in recent months

Reuters

Kremlin: seizure of Western assets is retaliatory move, could be expanded

The Kremlin said on Wednesday Moscow's move to take temporary control of the assets of Finnish energy group Fortum FORTUM. HE and its former German subsidiary Uniper was in retaliation for what it called the illegal seizure of Russian assets abroad.

Reuters

Kremlin warns of more asset seizures after move against Fortum and Uniper

The Kremlin said on Wednesday it could seize more Western assets in retaliation for foreign moves against Russian companies, after taking temporary control of assets belonging to two European state-owned utilities.

Al Jazeera

Putin signs decree to control two foreign firms’ assets in Russia

Move seen as sign that Moscow may take further action if Russian assets abroad are seized to pay for Ukraine war damage.

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The Guardian - UK

Ofgem looks to crack down on firms ‘manipulating’ electricity market

Energy regulator plans to tackle manoeuvre that has brought in millions of extra pounds for generators

Nottingham Post

Nottinghamshire coal power station closing this month despite Government request

The power station is one of two in Nottinghamshire that were placed on standby last year amid the war in Ukraine

The Guardian - UK

UK coal-burning power facility to stay open two years longer than planned

Ratcliffe-on-Soar’s fourth unit to be kept viable until late 2024 as ministers make request prompted by energy crisis

The Independent UK

CEO of nationalized German gas supplier Uniper to step down

The CEO of energy company Uniper has decided to step down after the German government nationalized the gas supplier last month

The Independent UK

Shareholders of Uniper clear way for German nationalization

Shareholders of German energy company Uniper have approved a rescue package for the gas supplier, clearing the way for its nationalization

Birmingham Post

Uniper and Shell's Humber hydrogen plan moves forward with contract awards

Process design packages awarded to three competing companies

Reuters

Energy crisis sires new European order: a strong Italy and ailing Germany

In the weeks after Russia's invasion of Ukraine on Feb. 24, Claudio Descalzi, CEO of Italian energy major Eni, embarked on a whirlwind of trips to gas suppliers in Africa.

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