German energy provider faces huge losses

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Bailed-out Uniper blames shrinking gas flows from Russia for its disastrous financial performance German electric utility Uniper suffered a €12.3 billion ($12.5 billion) net loss in the first half of 2022 due to a sharp decline in natural gas supplies … Continued

Nord Stream to halt gas supplies to EU

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The planned annual maintenance will take place from July 11 to July 21 Russia’s Nord Stream natural gas pipeline to Germany will shut down for 10 days for annual maintenance, the company in charge of the project confirmed on Friday. … Continued