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How Russian gas crisis took toll on Germany's Uniper

FRANKFURT, Aug 17 (Reuters) - Germany's Uniper UN01.DE is the most high profile corporate casualty of Europe's energy crunch. It alleges that its long-term Russian partner Gazprom GAZP.MM has brought it to the brink of insolvency by withholding gas. Describing itself as a "pawn" in the crisis triggered by Russia's invasion of Ukraine, Germany's largest importer of Russian gas last month received a 15 billion euro government bailout so it could afford to buy elsewhere.
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'Pawn' in energy stand-off, Germany's Uniper suffers $12.5 bln loss

* Loss driven by lower Russian gas flows, impairments * Uniper bailed out by the state amid energy crisis * Company says it cannot give 2022 outlook for now * Shares down 8% (Recasts with CEO comments) By Christoph Steitz, Tom Käckenhoff and Vera Eckert FRANKFURT/DUESSELDORF, Aug 17 (Reuters) - Uniper, the highest-profile corporate victim of Europe's energy crisis so far, reported a 12.3 billion euro loss ($12.5 billion) due to Russian gas supply cuts, saying it had become a "pawn" in the energ
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German energy market would collapse without gas levy - Habeck

BERLIN, Aug 15 (Reuters) - Germany had to introduce its new levy to help utilities cover the cost of replacing Russian supplies or else its energy market would collapse, Economy Minister Robert Habeck said on Monday. "The alternative would have been the collapse of the German energy market, and with it large parts of the European energy market," Habeck told reporters in Berlin.
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Why Europe faces climbing energy bills

(Updates throughout) * Wholesale gas prices up 350% year-on-year * High prices expected to continue this year and next * Rising wholesale energy costs are passed on to consumers By Nina Chestney Aug 15 - A global surge in wholesale power and gas prices means households across Europe face much higher energy bills this year and beyond, with the region's most vulnerable exposed to fuel poverty, consumer groups say.
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Gazprom says it will ship 41.9 mcm of gas to Europe via Ukraine on Monday

MOSCOW, Aug 15 (Reuters) - Russia's Gazprom GAZP.MM said it would ship 41.9 million cubic metres (mcm) of gas to Europe through Ukraine via the Sudzha entry point on Monday, down from 40.9 mcm on Sunday. An application to supply gas via the Sokhranovka entry point was rejected by Ukraine, Gazprom said. Reporting by Reuters Editing by David Goodman
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Nord Stream 1 gas flows back at 14.5 mln kWh/h

BERLIN, Aug 12 (Reuters) - Physical flows of gas through the Nord Stream 1 pipeline from Russia to Germany returned to 14.5 million kilowatt hours per hour (kWh/h), its normal level in recent days, between 1400 and 1500 CET, data on the operator's website showed. The flows had dipped to 13 million kWh/h the previous hour. Nord Stream AG, the Swiss-based consortium that operates the pipeline, did not immediately respond to a request for comment.
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Nord Stream 1 flows drop to 13 mln kWh/h

BERLIN, Aug 12 (Reuters) - Physical flows of gas through the Nord Stream 1 pipeline from Russia to Germany dropped to 13 million kilowatt hours per hour (kWh/h) on Friday between 1300 and 1400 CET, data on the Nord Stream website showed. This compared to 14.5 million kWh/h the previous hour. Writing by Rachel More, editing by Thomas Escritt
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Scholz touts pipeline from Portugal to central Europe

BERLIN, Aug 11 (Reuters) - German Chancellor Olaf Scholz on Thursday pushed for the construction of a pipeline from Portugal through Spain and France to central Europe to wean Europe from Russian energy dependence. "Such a pipeline would massively relieve the supply situation now," Scholz told reporters in a news conference in Berlin. He said he had touched upon the issue in talks with the leaders of Spain, Portugal, France and the European Commission in Brussels and lobbied strongly for setting
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Germany will tackle energy crisis in solidarity with European partners

BERLIN, Aug 11 (Reuters) - Germany is determined to uphold European solidarity while tackling an energy crisis in the coming winter, Chancellor Olaf Scholz said on Thursday. "The European Union must handle these difficult times in solidarity, this is something I explicitly commit to," Scholz told journalists in a news conference in Berlin. "I believe that, as the biggest country with the greatest economy and the largest population at the centre of Europe, we have a special task." Germany cannot
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As German gas rationing looms, industry begs exemptions

By Tom Käckenhoff, Vera Eckert and Christoph Steitz DUESSELDORF/FRANKFURT, Germany, Aug 9 (Reuters) - Germany's network regulator, which would be in charge of gas rationing in the event of a supply emergency, has received scores of exemption requests from across industry, reflecting fears of potential production cuts and subsequent losses. Germany is at phase two of a three-stage emergency plan following a reduction in gas flows from Russia, its main supplier, a major problem for industry, whic
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Gazprom says it will ship 42.1 mcm of gas to Europe via Ukraine on Tuesday

Aug 9 (Reuters) - Russia's Gazprom GAZP.MM said it was shipping 42.1 million cubic metres (mcm) of gas to Europe via Ukraine on Tuesday, up slightly from 41.8 mcm on Monday. Reporting by Reuters; Editing by Kirsten Donovan
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Germany stands by Russia sanctions despite gas crisis - govt spokesperson

BERLIN, Aug 8 (Reuters) - German Chancellor Olaf Scholz does not consider support for Russia sanctions to be waning even with energy bills expected to surge further, a government spokesperson said on Monday. "We face difficult months ahead," the spokesperson said, adding "but it is clear that we stand firmly on the side of Ukraine and we stand behind the sanctions that we agreed together with the European Union and the international community".
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Russia's Gazprom says it ships 41.9 mcm of gas to Europe on Friday

MOSCOW, Aug 5 (Reuters) - Russia's Gazprom GAZP.MM said it continues to ship gas to Europe via Ukraine, with Friday's volume unchanged from Thursday at 41.9 million cubic metres. Reporting by Reuters; editing by Jason Neely
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Japan govt asks Mitsui, Mitsubishi to 'think positively' in joining Sakhalin-2 entity

By Yuka Obayashi TOKYO, Aug 5 (Reuters) - Japan's government has asked Mitsui & Co 8031.T and Mitsubishi Corp 8058.T to "think positively" in joining the new Russian entity that will replace the Sakhalin-2 liquefied natural gas (LNG) project, industry minister Koichi Hagiuda said on Friday. The minister met Mitsui President Kenichi Hori on Friday and made the request, and the ministry has also asked the same of Mitsubishi, Hagiuda said, adding that he plans to meet with a Mitsubishi executive in
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Deadlock over Nord Stream turbine as Russia says only one working

* This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Aug 4 (Reuters) - A stand-off over the return of a turbine that Russia says is holding back gas supplies to Europe showed no sign of being resolved on Thursday, with Moscow saying it needed documentation to confirm the equipment was not subject to sanctions.
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Kremlin says Gazprom would like Nord Stream turbine back, but needs documents

Aug 4 (Reuters) - The Kremlin on Thursday said that Russia's Gazprom GAZP.MM would like to get back a Nord Stream 1 turbine that has been undergoing maintenance in Canada but that it requires documents confirming that the turbine is not sanctioned. In a call with reporters, Kremlin spokesman Dmitry Peskov said that the turbine has been being serviced by the UK branch of Siemens Energy ENR1n.DE .
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Russia's Gazprom says it ships 41.9 mln cubic metres of gas to Europe on Thursday

Aug 4 (Reuters) - Russia's Gazprom said on Thursday it continues to ship gas to Europe via Ukraine, with Thursday's volume at 41.9 million cubic metres. Reporting by Reuters; Editing by Jan Harvey
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New York Times business news - Aug 4

Aug 4 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - Walmart Inc WMT.N is laying off 200 corporate workers one week after the company slashed its profit outlook saying inflation was pressuring customers to make fewer purchases. Link - The group of oil producers known as OPEC+ approved a small increase in production on Wednesday, saying they would increase production 100,000 barrel
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Russia's Gazprom: sanctions make delivery of Nord Stream turbine impossible

Aug 3 (Reuters) - Canadian, EU and UK sanctions make delivery of a Siemens SIEGn.DE turbine to the Nord Stream 1 pipeline's Portovaya compressor station impossible, Russia's Gazprom GAZP.MM said on Wednesday. German Chancellor Olaf Scholz had earlier said the Siemens 073 turbine, which has been cited as being at the heart of reduced Russian gas supplies via the Nord Stream 1 pipeline, remains in Germany after maintenance.
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Russia's Gazprom: Western sanctions make the delivery of Nord Stream engine impossible

Aug 3 (Reuters) - Russia's Gazprom GAZP.MM said on Wednesday that Canadian, EU and U.K. sanctions make the delivery of a Siemens engine to the Nord Stream Portovaya compressor station impossible. Reporting by Reuters; editing by Guy Faulconbridge
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