Uniper says its drawing gas from storage


An employee monitors for gas leaks during safety checks at Uniper’s Bierwang natural gas storage facility.

Bloomberg | Bloomberg | Getty Images

German energy giant Uniper on Friday said it is having to draw down gas from storage facilities, reducing supplies needed for winter even as Europe is experiencing an extreme heatwave.

The embattled utility told CNBC in a statement that reducing gas volumes from its own storage facilities was necessary “in order to supply our customers with gas and to secure the Uniper’s liquidity.”

Finnish majority-owner Fortum said last week that Uniper submitted a bailout application to the German government after running into extreme financial distress due to a…


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