Page 1 - FSUOGM Week 30 2022
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Issue 1187 28•July•2022 Week 30
Further Nord Stream cuts
Russia's Gazprom has reduced gas flow via the Nord Stream pipeline to 20% of
capacity, in a further effort to destablise the European energy market.
Uniper bailout
The German government has clinched a deal with Finland's Fortum to rescue
Uniper, marking the biggest bailout in the country's history.
Russia's pain
Russian gas revenues slumped 40% month on month in June, highlighting
the impact that Gazprom cuts are having on Moscow's budget.
Naftogaz default
Naftogaz is facing a $335mn default on bond repayment, as it tries to
preserve cash for gas supply payments on government order.
