Energy
Uniper to Pay Berlin Around €3.4 Billion Post Gazprom Ruling
- Exact figure to be decided once 2024 results available
- Firm offsets damages claims with canceled payment obligations
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Uniper SE’s future payments to the German government rose to about €3.4 billion ($3.7 billion) after the nationalized utility was able to offset canceled payment obligations to Russia’s Gazprom PJSC against damages it is owed.
The company has pledged to pass any compensation payments it receives for curtailed gas supplies to Berlin, after the government bailed it out at the height of the 2022 energy crisis. Back then, Russia stopped supplying gas through the Nord Stream pipeline, causing prices to soar and resulting in the biggest rescue package in German corporate history.