Germany needs energy – all around the clock. To deliver on that, we rely on strategic diversification and long-term planning.
In 2022, Germany had to replace more than 500 TWh of Russian gas in a very short time – out of a total natural gas consumption of just over 800 TWh. According to a BCG analysis1, roughly half of all German gas imports are still tied to spot market prices. These prices, however, are highly volatile, as they are heavily influenced by external factors such as supply shortages or weather events. Long-term supply contracts offer greater stability and better protection against price shocks.
Uniper is part of the solution: as Germany's largest gas trader, Uniper supplies approximately 140 TWh of natural gas and LNG, covering almost 20 percent of national gas demand. To ensure the broadest possible positioning, Uniper holds supply contracts with a wide range of partners across multiple countries, including Norway, the United States, Canada, Azerbaijan, Romania, and Australia. We procure this gas via pipelines and by ship.
We are also one of Europe's largest LNG traders. In 2022, we built Germany's first LNG terminal in Wilhelmshaven, which handles approximately 6 percent of national gas demand. We have entered into long-term supply contracts covering more than 100 TWh. In addition to our short- and medium-term trading activities, we cover more than half of our sales business through long-term contracts, creating lasting stability.