Uniper boosts its LNG trading footprint
The German gas wholesaler has expanded its reach far beyond its traditional European pipeline market
The European gas business of Uniper—spun off from German utility Eon in 2016—is to some degree reminiscent of the old German gas giant Ruhrgas. But the firm’s push into becoming an active portfolio player in the global LNG market could hardly be further removed from the famous conservatism of its forebear. The core business remains gas marketing and gas-fired power plants. But the firm’s LNG strategy serves two important purposes, Uniper’s chief commercial officer Keith Martin tells Petroleum Economist at the Gastech conference in Houston. Firstly, Uniper “wants to be able to source LNG for our customers at the most competitive price”, says Martin. “It is good to have balance in our portfoli
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields