LNG

Fortum, the Finnish energy and power company with European Union-wide operations and that was forced to give up the German natural gas and energy supplier Uniper which had relied on Russian pipeline supplies from Gazprom, reported another substantial drop in profits.

Switzerland's Axpo, the largest producer of renewable energy and an international leader in energy trading and marketing, has been granted a subordinated credit line of up to 4 billion Swiss francs ($4.07Bln) because of “unprecedented turmoil” on European power markets.