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Germany nationalizes its biggest natural gas importer
CNN ^ | Inke Kappeler, Allegra Goodwin and Mark Thompson,

Posted on 09/22/2022 8:34:53 AM PDT by BenLurkin

Germany is nationalizing Uniper, its biggest importer of natural gas, as part of an €8 billion ($7.9 billion) plan to prevent an energy shortage this winter.

Europe has been hit by soaring natural gas and electricity prices as a result of Russia's invasion of Ukraine and its throttling of gas supplies.

The German government will hold around 99% of Uniper after injecting new capital and buying out its Finnish parent company Fortum (FOJCF), German Economy Minister Robert Habeck told journalists in Berlin on Wednesday. Uniper provides 40% of the country's gas supply and is crucial for large companies and private consumers in Europe's biggest economy.

In July, Chancellor Olaf Scholz announced the government would step in to bail out Uniper with a package worth up to €15 billion ($15.3 billion), after it was brought to its knees by months of Russian supply cuts and soaring spot market prices.

(Excerpt) Read more at cnn.com ...


TOPICS: Business/Economy
KEYWORDS: allegragoodwin; energyschadenfreude; eurowankers; haha; inkekappeler; itistolaugh; keinerdgasfursie; markthompson; thatsashame; uniper
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1 posted on 09/22/2022 8:34:53 AM PDT by BenLurkin
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To: BenLurkin

A gas shortage is now guaranteed.


2 posted on 09/22/2022 8:37:20 AM PDT by ComputerGuy (Heavily-medicated for your protectionbrA)
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To: BenLurkin

Kein erdgas fur Sie!


3 posted on 09/22/2022 8:37:31 AM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: BenLurkin

That’ll fix ‘er!

Putting government bureaucrats in charge always helps a business prosper!

[/sarc:off]


4 posted on 09/22/2022 8:38:03 AM PDT by Mr. K (No consequence of repealing obamacare is worse than obamacare itself)
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To: BenLurkin

What could go wrong?


5 posted on 09/22/2022 8:39:17 AM PDT by rrrod (6a)
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To: BenLurkin

for the collectivist

hey bonus!


6 posted on 09/22/2022 8:39:27 AM PDT by joshua c (to disrupt the system, we must disrupt our lives, cut the cable tv)
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To: BenLurkin

Well why not. People right here in the good ole USA, particularly in the RAT party, have been speaking of the same.


7 posted on 09/22/2022 8:40:56 AM PDT by dforest
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To: BenLurkin

This should stop them from freezing


8 posted on 09/22/2022 8:41:18 AM PDT by JonPreston
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To: BenLurkin

or is this all part of the plan, Green Leap Forward?

now the state gets to tell you how much energy you can use


9 posted on 09/22/2022 8:41:22 AM PDT by joshua c (to disrupt the system, we must disrupt our lives, cut the cable tv)
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To: BenLurkin

I will just say what German journalists have refused to discuss...Uniper got into trouble because their import cost changed, and the contracts with customers were locked in...so they didn’t react in time to slip the upgraded cost to customers in early-summer.

Crappy management style is the basic problem. Getting the government into the middle of this? It’ll only intensify poor management decisions.


10 posted on 09/22/2022 8:41:28 AM PDT by pepsionice
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To: dforest

Something’s wrong with those Aryans. They can’t get over the fact that they started 2 big wars and lost both.


11 posted on 09/22/2022 8:42:32 AM PDT by DIRTYSECRET
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To: BenLurkin

https://photos1.blogger.com/blogger/3383/1248/1600/nazi.jpg


12 posted on 09/22/2022 8:42:48 AM PDT by Surrounded_too
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To: ComputerGuy
Not only in Germany.

The philosophy of the "greens" is best summed up by a quote I heard on NPR, between a "science" host and a "climate" guest:

"We have to destroy the economy to save the planet."

Since humans are just parasites on Goddess Gaia, they are just collateral damage in the cause.


13 posted on 09/22/2022 8:46:15 AM PDT by Travis McGee (EnemiesForeignAndDomestic.com)
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To: BenLurkin
> Germany is nationalizing Uniper <

Everyone knows that governments can run things much better than private companies can. So this is bound to work out well.

However, my Magic Eight Ball disagrees. Time will tell who’s right.


14 posted on 09/22/2022 8:46:31 AM PDT by Leaning Right (The steal is real.)
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To: BenLurkin

I would be more scared of having energy production in the hands of the government than a private company.


15 posted on 09/22/2022 8:47:24 AM PDT by I want the USA back (I hate the media. )
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To: BenLurkin

Never let a good crisis go to waste, eh Wilhelm???


16 posted on 09/22/2022 8:48:54 AM PDT by jdsteel (PA voters: it’s Oz or Fetterman. Deal with it and vote accordingly.)
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To: BenLurkin

Was this the huge event they promised for 9/24?


17 posted on 09/22/2022 8:49:24 AM PDT by Churchillspirit (Pray for President Trump)
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To: BenLurkin

Same thing will be happening here (that hasn’t already)....taking over ALL means of production (starting with media and fossil fuel), to establish that New World Order/Global Government.


18 posted on 09/22/2022 8:49:43 AM PDT by traditional2 (lets go B*and*n)
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To: BenLurkin

Well there’s always the Ploesti oil fields.


19 posted on 09/22/2022 8:50:34 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: BenLurkin

How brilliant!

Put the people who caused the coming disaster in power to prevent the coming disaster.

That should really work.


20 posted on 09/22/2022 8:51:03 AM PDT by old curmudgeon (There is no situation so bad that the federal government can not make worse.)
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