Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Uniper SE    UN01   DE000UNSE018

UNIPER SE

(UN01)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Germany pressed to rethink Nord Stream 2 pipeline after Navalny poisoning

share with twitter share with LinkedIn share with facebook
09/03/2020 | 04:07am EDT

* Nord Stream 2 will carry gas from Russia to Germany

* Pipeline is due to operate from early 2021

* United States opposes Nord Stream 2 project

* Merkel unwavering in commitment to the project

BERLIN, Sept 3 (Reuters) - Pressure mounted on German Chancellor Angela Merkel on Thursday to reconsider the Nord Stream 2 pipeline, which will take gas from Russia to Germany, after she said Kremlin critic Alexei Navalny had been poisoned with a Soviet-style nerve agent.

Merkel said on Wednesday that Navalny, who is being treated in a Berlin hospital, was the victim of a murder attempt using the nerve agent Novichok, and demanded an explanation by Russia.

Moscow has denied involvement and said the West should not leap to hasty conclusions.

Western countries have condemned the attack and many German politicians want a tough response.

"We must pursue hard politics, we must respond with the only language (Russian President Vladimir) Putin understands - that is gas sales," Norbert Roettgen, the conservative head of Germany's parliamentary foreign affairs committee, said on Thursday.

Late on Wednesday he had said completion of Nord Stream 2 "would be the maximum confirmation and encouragement for Putin to continue this kind of politics".

Nord Stream 2 will double the capacity of the existing Nord Stream 1 pipeline from Russia to Germany.

Led by Russia's Gazprom with Western partners, the project is more than 90% completed and scheduled to operate from early 2021, which could make it hard to stop.

The project has split the European Union, with some members saying it will undermine the traditional gas transit state, Ukraine and increase the bloc's energy reliance on Russia.

The United States, keen to increase liquefied natural gas (LNG) sales to Europe, also opposes the pipeline and has targeted some companies involved with sanctions.

It is not clear Merkel, who has been unwavering in her support for the project, will bow to pressure.

Showing she was in no hurry to act, she said on Thursday any response depended on Russia's behaviour.

She said last week the Navalny case should not be linked to the pipeline, which is backed by Uniper, Wintershall DEA, Royal Dutch Shell, Engie and OMV.

Many in Merkel's pro-business conservative party want it to be finished.

A spokesman for Uniper, which has said it will lend up to 950 million euros to the project, said 2,300 km of the 2,460 km of the twin pipelines that make up Nord Stream 2 had been laid and Europe needed them.

"The pipeline and LNG infrastructure are both urgently needed to ensure secure, flexible and low-cost gas supply in Europe in the future," he said.

Former Social Democrat (SPD) Chancellor Gerhard Schroeder, a friend of Putin and lobbyist for Russian energy firms, has been involved with the pipeline.

Many in the SPD, which shares power with Merkel's conservatives, also back it but the head of the SPD parliamentary party said all options must be considered.

Prominent security analysts are also making the case for a tough stance.

"If we want to send a clear message to Moscow with our partners, then economic relations must be on the agenda and that means the Nord Stream 2 project must not be left out," Wolfgang Ischinger, chairman of the Munich Security Conference and a former ambassador to Washington, said. (Additional reporting by Thomas Seythal and Vera Eckert, Editing by Gareth Jones, Timothy Heritage and Barbara Lewis)


Stocks mentioned in the article
ChangeLast1st jan.
BASF SE 0.27% 47.105 Delayed Quote.-30.30%
ELECTRICITÉ DE FRANCE -0.87% 9.802 Real-time Quote.-0.40%
ENGIE -0.72% 10.38 Real-time Quote.-27.40%
GAZPROM -3.33% 153.79 End-of-day quote.-40.02%
GAZPROM NEFT -1.62% 272.5 End-of-day quote.-35.14%
PUBLIC JOINT STOCK COMPANY ROSNEFT OIL COMPANY -0.29% 4.406 Delayed Quote.-38.65%
UNIPER SE 0.23% 25.64 Delayed Quote.-13.32%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.13% 78.9654 Delayed Quote.24.78%
share with twitter share with LinkedIn share with facebook
All news about UNIPER SE
10/26Nord Stream 2 pipe-laying vessel nears project hub
RE
10/26UNIPER SE : Preliminary announcement of the publication of quarterly reports and..
EQ
10/26UNIPER : Gets a Neutral rating from Credit Suisse
MD
10/07Polish watchdog fines Gazprom $7.6 billion over Nord Stream 2 gas pipeline
RE
10/07TIMELINE-Twists and turns in Russia's Nord Stream 2 gas pipeline to Germany
RE
10/07Gazprom Faces $7.58 Billion Fine From Polish Regulator Over Nord Stream 2 Pip..
DJ
10/07Gazprom Faces $7.58 Billion Fine From Polish Regulator Over Nord Stream 2 Pip..
DJ
10/07Polish watchdog fines Gazprom $7.6 bln over Nord Stream 2 gas pipeline
RE
10/03Germany says it expects EU to impose sanctions against Russia over Navalny ca..
RE
09/29Uniper explores sale of 20% stake in Opal gas pipeline - sources
RE
More news
Financials
Sales 2020 67 466 M 79 227 M 79 227 M
Net income 2020 685 M 805 M 805 M
Net Debt 2020 1 504 M 1 766 M 1 766 M
P/E ratio 2020 13,6x
Yield 2020 5,35%
Capitalization 9 361 M 11 005 M 10 993 M
EV / Sales 2020 0,16x
EV / Sales 2021 0,17x
Nbr of Employees 11 746
Free-Float 21,1%
Chart UNIPER SE
Duration : Period :
Uniper SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends UNIPER SE
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 18
Average target price 24,73 €
Last Close Price 25,58 €
Spread / Highest target 23,1%
Spread / Average Target -3,33%
Spread / Lowest Target -27,7%
EPS Revisions
Managers
NameTitle
Andreas Schierenbeck Chief Executive Officer
Klaus-Dieter Maubach Chairman-Supervisory Board
David Bryson Chie Operating Officer
Sascha Bibert Chief Financial Officer
Oliver Biniek Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
UNIPER SE-13.32%11 005
NATIONAL GRID PLC-0.14%43 398
SEMPRA ENERGY-15.73%37 682
ENGIE-24.34%31 114
E.ON SE-1.87%28 838
RWE AG23.58%27 049