Uniper is over - Germany (Government) buys the Company

[Starschy + 211]

As predicted weeks ago Uniper is at the end. Their Business model is over. buying Russian Gas and selling in Europe.

That leads to daily losses of around 40 Mio. per day. In August I thought they will made it till end of the year 2022. But that's 

not the case. The German Government will buy a significant majority of that Stock. End of 2021 the Stock price was in range of 40 EUR

now 5 EUR. This may lead to a closing from the Frankfurt Stock Exchange - maybe not in the next 6 Months.

Investment 8 Bio. EUR from the German Government. The closiing of Uniper would have killed the whole German Energy market.

According from  FAZ is the complete Uniper form Fortum Helsinki and that includes Production Units.

 

Edited September 20, 2022 by Starschy
addendum

[Blackbag99 + 20]

Uniper assets are not yet bust in the UK, however, the next 12 months will test them.

Demand from UK Gas Generation looks like it will fall 10% every year for the next decade

[Starschy + 211]

Uniper loss from 2022 is around 40 Billion Euros

[footeab@yahoo.com + 2,190]

On 12/2/2022 at 5:13 AM, Blackbag99 said:

Uniper assets are not yet bust in the UK, however, the next 12 months will test them.

Demand from UK Gas Generation looks like it will fall 10% every year for the next decade

The opposite will be true.  UK gas production demand needs to increase with increased wind and increased electric transportation.  Likewise with fall of German BASF as Russian NG has ended, ends BASF's entire chemical production facilities complex.  These products have been used throughout ALL of Europe.  This means either this facility has to be made in UK/Norway etc and North Sea gas fields(maybe), a giant pipeline from the north sea to said facilities(possible) or it has to come from USA, China, or maybe the middle east countries build their own chemical production facilities using NG...(Uh, I highly doubt it). 

In either case, UK manufacturing in said chemicals and plastics will be increasing more than likely as they are not in the EU, or stay unchanged at minimum.  It certainly will not be going down. 

[Blackbag99 + 20]

On 12/7/2022 at 1:35 AM, footeab@yahoo.com said:

The opposite will be true.  UK gas production demand needs to increase with increased wind and increased electric transportation.  Likewise with fall of German BASF as Russian NG has ended, ends BASF's entire chemical production facilities complex.  These products have been used throughout ALL of Europe.  This means either this facility has to be made in UK/Norway etc and North Sea gas fields(maybe), a giant pipeline from the north sea to said facilities(possible) or it has to come from USA, China, or maybe the middle east countries build their own chemical production facilities using NG...(Uh, I highly doubt it). 

In either case, UK manufacturing in said chemicals and plastics will be increasing more than likely as they are not in the EU, or stay unchanged at minimum.  It certainly will not be going down. 

 

Electricity consumption has fallen every year for the last 10 years. It's not rising and electric cars are going onto the grid, even if it is at a low rate at the moment!

Coal has been completely displaced from being 45.5% of Generation 10 years ago, to just 1.6% now.

There is already enough offshore wind under construction to completely displace all UK gas generation of electricity in the next 5 years.

The UK has already shuttered 7% of its gas generators in 2020 when demands was low. We approach those low demand levels again in 2023!

Unipers assets in the UK are virtually worthless!

As for Russian gas, who cares! Really I do not care. Current storage levels in the EU are 90% full, with the estimate of exiting winter on the 1st of March being 60% full with 2.25 Trillion Cubic feet in storage, more than the US. The EU will have to import 1.4 Trillion cubic feet less during 2023, than it did in 2022, much of that I would suggest would be US gas as North African gas is ramping up production.

 

 

Edited December 8, 2022 by Blackbag99

[Starschy + 211]

The end of Uniper  

Introductory remark

Uniper SE will host a virtual Extraordinary General Meeting on December 19, 2022. The Extraordinary General Meeting provides for two agenda items:

• The Board of Management of Uniper will, in accordance with its obligation under section 92 of the German Stock Corporation Act (Aktiengesetz), report on the loss in the amount of more than half of the company's registered share capital under German GAAP and explain the situation of the company to the shareholders.
• As communicated by Uniper on 21 September 2022, the German Government, Uniper and Fortum have agreed on a financial stabilization package for Uniper. The agreed capital increase requires the approval of the shareholders at the Extraordinary General Meeting.

The speech manuscript of the chairman of the Board of Management Prof. Dr. Klaus-Dieter Maubach will be published for your information a few days before the Extraordinary General Meeting.

 

[Tomasz + 1,608]

Mr Scholz is equivalent of german version of infamous Boris Yeltsin. Germany as strong economy is not a great power.

To be honest I know Im rude but Germany is still under occupation.

Russia instead is not a strong economy but still  a great power.

So it turned out Germany was humiliated by Biden with NS II in such a way last time it happened in Versal Treaty in 1919 IMHO.  

For me THE WHOLE WORLD now see very clearly one very big thing - European Union is economic great power but its nothing more than total  junior partner of USA enable to anything even suicidal in long term to please their master

. We even now see some kind of reversed Marshall Plan this time helping failing economy of world hegemon.

So at least lets see a naked truth - USA has a full dominance in western world and thats a tremendous achievement for Biden

But the world now finally become truly multipolar. 

 

Edited December 9, 2022 by Tomasz

[Blackbag99 + 20]

12 hours ago, Tomasz said:

Mr Scholz is equivalent of german version of infamous Boris Yeltsin. Germany as strong economy is not a great power.

To be honest I know Im rude but Germany is still under occupation.

Russia instead is not a strong economy but still  a great power.

So it turned out Germany was humiliated by Biden with NS II in such a way last time it happened in Versal Treaty in 1919 IMHO.  

For me THE WHOLE WORLD now see very clearly one very big thing - European Union is economic great power but its nothing more than total  junior partner of USA enable to anything even suicidal in long term to please their master

. We even now see some kind of reversed Marshall Plan this time helping failing economy of world hegemon.

So at least lets see a naked truth - USA has a full dominance in western world and thats a tremendous achievement for Biden

But the world now finally become truly multipolar. 

 

The US is weakest both economically, politically & militarily than at any point in the last 100 years.

It's not just the Russians that can't invade a neighbour, no one can! Politically the US is a stalemate of inaction. Economically it produces little of value, it is mostly disposable tech

[footeab@yahoo.com + 2,190]

On 12/8/2022 at 7:58 AM, Blackbag99 said:

Electricity consumption has fallen every year for the last 10 years. It's not rising and electric cars are going onto the grid, even if it is at a low rate at the moment!

Coal has been completely displaced from being 45.5% of Generation 10 years ago, to just 1.6% now.

There is already enough offshore wind under construction to completely displace all UK gas generation of electricity in the next 5 years.

The UK has already shuttered 7% of its gas generators in 2020 when demands was low. We approach those low demand levels again in 2023!

Unipers assets in the UK are virtually worthless!

As for Russian gas, who cares! Really I do not care. Current storage levels in the EU are 90% full, with the estimate of exiting winter on the 1st of March being 60% full with 2.25 Trillion Cubic feet in storage, more than the US. The EU will have to import 1.4 Trillion cubic feet less during 2023, than it did in 2022, much of that I would suggest would be US gas as North African gas is ramping up production.

 

 

Electricity consumption has fallen because energy intensive manufacturing has been offshored to other countries.  If this was NOT true, then base chemical, refining capacity would be in Europe and not Russia, China, etc.

90% full.. AHAHAHHHAHA, with aluminum production shut down; with fertilizer shut down(What the F are you going to eat in a year...), with plastics/chemicals effectively shut down... What are you going to build without these products??? 

Electric transportation will require the grid to massively expand.   Long term, goo solution, but short term, massive problems.  Yes, the UK is one of the RARE countries which can partially go Wind power.  .Still need the refining capacity to make said batteries and this will require multiple times MORE energy than the equivalent of fossil fuels.  Learn this well if you wish to view the world in its entirety. 

Edited December 11, 2022 by footeab@yahoo.com