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Russia’s squeeze on gas means Germany’s energy giant is having to draw supplies from storage
July 16, 2022
Source: CNBC

Russia’s squeeze on gas means Germany’s energy giant is having to draw supplies from storage

German energy giant Uniper on Friday said it is having to draw down gas from storage facilities, reducing supplies needed for winter even as Europe is experiencing an extreme heatwave.The embattled utility told CNBC in a statement that reducing gas volumes from its own storage facilities was necessary “in order to supply our customers with gas and to secure the Uniper’s liquidity.”

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