Parliament study: German gas importer Uniper needs $8bn credit line

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DPA

Germany’s largest importer of Russian gas, Uniper, needs an €8-billion ($8.2-billion) credit facility from Germany’s state-owned KfW bank in order to ensure liquidity, according to a paper from the parliamentary committee on climate action and energy. Uniper, which has been hit hard by the reduction in gas supplies from Russia via the Nord Stream 1 pipeline, announced this week that it had completely exhausted its €2-billion credit facility from KfW and was requesting more loans. In order to fulfil its contracts, the company has resorted to buying more expensive gas on the market, which has le…

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