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
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy
15 April 2024
Though hampered by methane concerns, US LNG has a crucial role to play for European and Asian energy security, US economic needs and the energy transition drive