German government moves to privatise Uniper, owner of the nation's key gas storage network
The federal government plans to sell Uniper, the largest operator of Germany's underground gas reserves, as experts warn storage levels are insufficient for the coming winter.
Uniper, rescued by the state and employing roughly 7,000 staff worldwide, runs the biggest gas storage facilities in Germany. The government intends to privatise the firm in the next few months. Interested parties include rival RWE, private-equity investors and Czech billionaire Daniel Křetínský. The works council has expressed unease, while analysts caution that low fill rates could jeopardise winter energy supply.
Why it matters
Germany's gas storage capacity is critical for winter energy security, and its ownership shift could affect supply stability.
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