EU gas giant reports €40 billion loss ...News

German energy importer Uniper is struggling due to the cut-off of Russian supplies Germany’s largest gas importer Uniper on Thursday reported a staggering €40 billion ($39 billion) net loss through September, citing diminishing supplies from Russia as the major reason. “Reduced Russian gas deliveries have a significant adverse impact on Uniper’s results in the first nine months of 2022… The IFRS-net loss of around €40 billion contains roughly €10 billion of realized costs for replacement volumes, and roughly €31 billion of anticipated future losses from valuation effects on derivatives and provision built-ups rela

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