Berlin intends to consider enforcement natural gas price ceilingas many Italian newspapers write today, referring to a text message sent by the Minister of Finance GermanyRobert Hambeck, European Energy Ministers.

According to reports, the announcement said that the natural gas price ceiling option would be considered on September 9, the day when extraordinary meeting of energy ministers aims to address the soaring price of natural gas due to limited supplies from Russia.

Habeck warns Germany faces ‘harsh reality’ that Russia cut off natural gas supplies in the country ahead of a planned halt in natural gas exports to Europe via the Nord Stream 1 pipeline by Russian state-owned energy giant Gazprom.

Uniper is also asking for other financial support

At the same time, the power company Uniper yesterday requested a new, even larger bailout from the German government, raising his bailout bill to $19 billionbecause higher natural gas prices have eaten away the financial liquidity reserves it had.

sharp rise in energy prices In recent days, they have worsened the situation for Germany’s largest importer of Russian natural gas, forcing Uniper to seek additional financial liquidity, despite the fact that the details of a rescue deal from the German government reached last month have not yet been agreed.

Uniper, which is majority-owned by Finnish Fortum, has announced that it has received a €9 billion credit line from state-owned investment bank KfW. requested the provision of new loans in the amount of 4 billion eurosto deal with the conditions that have developed in today’s energy environment.

Further emphasizing the pressure the company is under, union leaders sent a letter dated 26 August to German Economics Minister Robert Habeck. The unions approached the government with a request to obtain a controlling stake in the said company. As part of the bailout deal, the government agreed to accept rate 30% shares of Uniper.

Uniper’s share price closed yesterday up 3%, while Fortum’s share price recorded a 5.9% gain. Yesterday Fortum announced that it was in talks with the Finnish government on how to secure the necessary financial liquidity.

Uniper’s announcement came less than two days before a scheduled maintenance that will halt Russian natural gas supplies to Europe via the central gas pipeline from August 31 to September 2.

Uniper is by far the biggest victim of the European energy crisis, while it has been hit hard by cuts in natural gas supplies from Russia, its main supplier. Thus, Uniper was forced to raise prices excessively in order to cope with the reduction in the flow of Russian natural gas.

The event results in a loss of financial liquidity for the company, which is “significantly in excess” of $100 million a day, CEO Klaus-Dieter Mobach said.

“We are fully cooperating with the German government to find a permanent solution to this emergency. Otherwise, Uniper will no longer be able to fulfill its critical system function for Germany and Europe,” added Mobach.

According to Reuters