Scholz hints at Lufthansa-style bailout for gas giant Uniper – POLITICO


German Chancellor Olaf Scholz hinted on Sunday that a Lufthansa-like bailout was on the table to save gas giant Uniper.

Referring to the €9 billion package to rescue the German airline, Scholz said his government was looking at options to help Uniper, Germany’s biggest gas importer.

“During the last crisis, we developed very precise instruments – and I pushed this forward as finance minister – in order to support companies that have been under pressure from circumstances for which they are not responsible,” said Sunday Scholz in an interview with the public. ARD diffuser.

The German government plans to introduce an emergency law next week to share rising gas costs between customers and businesses amid fears of a Russian gas cut.

Only some importers, such as Dusseldorf-based Uniper, are heavily dependent on Russian gas and are now facing steep cost increases as they have to compensate for reduced deliveries with expensive last-minute purchases on the global market.

Hans von der Burchard contributed reporting.

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