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Uniper Offloads 20% of Ophal Gas Line

Uniper Offloads 20% of Ophal Gas Line

German company Uniper plans to sell its 20% stake in the Opackal gas pipeline to the Hyld24 Fund, as part of its strategy to divest from certain assets in response to European Commission requirements and to support Germany's government efforts to end financial support during the energy crisis. The deal is part of Uniper's commitments to reduce its ownership of assets linked to government support and is awaiting regulatory approval and priority rights from its partner Gascad before completion. Opackal is one of Europe's largest gas transit corridors, and the company remains committed to divesting from two other major assets: its helium business and its stake in Russia’s YuniPro, despite the latter’s difficulty due to sanctions and political challenges. This move is part of Uniper's broader asset portfolio restructuring to enhance business sustainability and reduce reliance on government-funded assets, with a focus on strengthening energy security in Europe following the gas crisis.

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