Uniper, German Industrial Stocks Rise on Nord Stream Restart Speculation
19 Julio 2022 - 10:51AM
Noticias Dow Jones
By Giulia Petroni
Uniper SE and industrial stocks in Germany trade higher on
Tuesday after a media report that Russian gas flows via the Nord
Stream pipeline are seen restarting on time.
At 1503 GMT, Uniper was up 11.4% at EUR10.55. Stocks in
energy-intensive sectors such as steelmaking, chemicals and
industrial manufacturers also moved higher. Siemens AG's shares
were up 5.2%, while Wacker Chemie AG was up 5.3%. Thyssenkrupp AG
and BASF SE were up 4.5% and 4.7%, respectively.
The Nord Stream pipeline, which connects Russia's Siberian gas
fields with Germany under the Baltic Sea, is expected to resume
operations on Thursday following 10 days of annual maintenance, but
at less than its capacity of some 160 million cubic meters a day,
Reuters reported Tuesday, citing unnamed sources.
Before maintenance works began, Moscow had already cut
deliveries on the pipeline to 40% of its capacity.
Earlier on Tuesday, officials said the European Union is working
on contingency plans in case Nord Stream won't resume operations,
but that it is still unclear whether gas shipments to Germany will
resume when scheduled maintenance ends this week.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 19, 2022 11:36 ET (15:36 GMT)
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