Uniper CFO: Nord Stream 2 Completion Not Cure-all for Gas Market Woes

Vera Eckert and Chris Steitz
Monday, November 8, 2021

The completion of the controversial Nord Stream 2 gas pipeline to bring more Russian gas into Germany under the Baltic Sea would go some way to relieving the tight gas market this winter, but there were other factors at play, the chief finance officer of utility Uniper said.

"Clearly it (Nord Stream 2) would help but the situation is more complex," CFO Tiina Tuomela said in an earnings call with analysts on Friday, adding weather factors and the level of arrivals of liquefied natural gas (LNG) in Europe were also important.

Certification of the pipeline, where Uniper is one of the finance partners, may still be a few months away.

(Reporting by Vera Eckert and Chris Steitz, editing by Riham Alkousaa)


Categories: Offshore Energy Pipelines Industry News Activity Europe Regulations

Related Stories

AST Reygar Launches SOV Remote Monitoring System

StreamTec to Work on Hydrogen Transmission Infrastructure in Baltic Sea

Global OTEC Presents OTEC Power Module for Remote Offshore Platforms

Current News

Oil Edges to 2-Week High on Ukraine News

EMGS to Conduct CSEM Survey Offshore India

Poland to Open New Areas for Offshore Wind Development in Baltic Sea

Swedish Firm Eyes Multi-Megawatt Wave Energy Farm Off Grenada

Subscribe for OE Digital E‑News