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Gas giant Uniper submits bailout application to German government as Russia squeezes supplies
Uniper was the first German energy company to sound the alarm over soaring energy bills due to reduced supplies of Russian gas.
It has been in talks with the German government over a possible bailout in recent weeks.
“We welcome that the German Parliament has now approved a ‘toolbox’ which will allow immediate relief to the effects of the gas supply crisis,” said Markus Rauramo, president and CEO of Fortum, referring to newly adopted German energy legislation.
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psychodogs : Will this make oil stocks go up or down
efficentupup OP psychodogs : Looks like the actual outcome will be "storage levels extremely low by end of winter".
MuscMoo efficentupup OP : it does seems inevitable
Jovan Soh : this does not answer psychodogs question though. are you suggesting the outcome can be either way?