Uniper CEO states that the market currently expects the Middle East conflict to end quickly

Investing.com - Uniper CEO Michael Lewis said on Wednesday that futures prices indicate the market currently expects the Middle East conflict to be short-term, with the U.S. and Israel having already declared war on Iran.

After announcing full-year results, Lewis told reporters that while the futures prices for natural gas and electricity in 2026 show a clear upward trend, the impact on prices in 2027 and 2028 is minimal or nonexistent.

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The CEO stated that the company sees short-term increases in natural gas and electricity prices, but no measurable price impact in 2027 and 2028. Lewis added that this suggests the market expects Iran to avoid a long-term conflict.

Lewis said that Uniper is not under any direct restrictions regarding liquefied natural gas procurement and has no plans to source LNG through the Strait of Hormuz from the Middle East.

The company’s CEO mentioned that Uniper does not have supply contracts with Qatar, but despite the current situation, sees potential for future cooperation with Qatar and the United Arab Emirates. Lewis added that Uniper’s LNG portfolio may include Middle Eastern suppliers in the future.

Uniper’s CFO stated that the company currently considers margin impacts to be very small.

Additionally, Lewis commented on the company’s Swedish operations, saying Uniper has no intention of selling its Swedish business and will not sell it.

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