Uniper boss Michael Lewis sees Germany well positioned for the winter when it comes to gas supplies.
“Germany is better prepared than a year ago, the storage facilities are 95 percent full,” said the manager of the Düsseldorf “Rheinische Post” (Saturday). Uniper is the most important gas procurer for municipal utilities in Germany and, according to Lewis, has already secured the quantity to fulfill all contracts this winter. “Our terminal for liquid natural gas (LNG) in Wilhelmshaven is running,” emphasized the Uniper boss.
The liquid gas could also come from Russia: “Russia continues to sell LNG on the world market. Russian molecules are in circulation globally, and in wholesale, the participants, including us, cannot always know the origin of the gas purchased,” said Lewis .
The Uniper boss also referred to residual risks. “If it gets very cold and/or problems arise with LNG procurement, things could get tighter this winter too,” he said. “If China’s economy is booming and China demands a lot of liquefied natural gas (LNG), it will be scarce or very expensive in Europe.” Lewis called for an extension of the state price caps until April 2024. The reduced VAT rate of seven percent for gas should also remain in place for that long. “The gas market is still nervous, even small disruptions can cause price fluctuations. But I don’t expect the price to rise as much as in 2022/2023,” emphasized the manager.
The government relief expires at the end of the year. Currently, a maximum price of 12 cents per kilowatt hour applies to 80 percent of gas consumption. Higher costs will be reimbursed.
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DÜSSELDORF (dpa-AFX)
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