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Germany Weighs Nationalizing NatGas Importer as Energy Crisis Worsens
Germany Weighs Nationalizing NatGas Importer as Energy Crisis Worsens
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Russia has curbed natural gas supplies to Europe amid soaring tensions over its invasion of Ukraine, with the effect of sparking an unprecedented energy crisis across Europe, impacting Germany the most. The German government’s primary concern is avoiding a ‘Lehman-style’ collapse of its energy industry. Bloomberg reported, citing people familiar with the matter, that German officials are mulling over increasing their stake in troubled NatGas importer Uniper SE above 50% — there’s also talk about nationalization.
Uniper needs additional support from the German government after tapping into rescue packages worth as much as 20 billion euros ($20 billion), according to...
Source: https://www.newswars.com/germany-weighs-nationalizing-natgas-importer-as-energy-crisis-worsens/
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