Uniper CEO: The worst is still to come

Tuesday, 06. September 2022 12:31

Uniper CEO Klaus-Dieter Maubach (pictured) told CNBC on Tuesday that ''the worst is still to come'' when it comes to the energy crisis in Europe ahead of the heating season on the continent.

''What we see on the wholesale market is 20 times the price that we have seen two years ago — 20 times. That is why I think we need to have really an open discussion with everyone taking responsibility on how to fix that,'' the CEO added.

Recently, German Chancellor Olaf Scholz promised the government will implement necessary measures to stop energy prices from soaring, as the country has been hit hard after Russian Gazprom decided to indefinitely halt its gas flow to the continent.

Related Links: Gazprom PJSCUniper SE
Baha Breaking News (BBN) / MM