Uniper, the Dusseldorf-based energy giant, says it may have to impair a loan to Nord Stream 2 if US sanctions kill the Russia to Germany Baltic gas pipeline. “The worst case would be, of course, if (Nord Stream 2) would never be finished and then, of course, the question is: can we get our money back or not?” Chief Executive Andreas Schierenbeck said on an analyst call yesterday, according to Reuters. Uniper has committed to fund up to €950 million, or 10% of the €9.5 billion project. Schierenbeck did not say how large the threatened loan is. A loan is considered ‘impaired’ if it is probable that an institution will be unable to collect all amounts due, according to the original terms of the loan agreement.
Uniper, the Dusseldorf-based energy giant, says it may have to impair a loan to Nord Stream 2 if US sanctions kill the Russia to Germany Baltic gas pipeline.
