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A top executive at German utility Uniper has played down European concerns over increasing dependence on liquefied natural gas (LNG) from the United States, saying companies sign contracts with firms rather than governments, while stressing the need for diversification.

The European Union has acknowledged that Uniper can't meet one of the key conditions for approving a 13.5 billion euro ($16.2 billion) bailout, the German utility's CEO said, adding its Russian division Unipro was currently unsellable.

State-owned utility Uniper expects a first tender for new German power plant capacity to take place in the second half of the year, its CEO Michael Lewis said, adding the firm was still prepared to contribute two of the 12 gigawatts that are planned.

State-owned German utility Uniper is nearing a deal to buy green ammonia from India as part of Chancellor Friedrich Merz's planned visit to the country next week, two people familiar with the matter said.

Uniper SE (OTCMKTS:UNPRF - Get Free Report)'s stock price rose 2.4% on Monday. The stock traded as high as $42.00 and last traded at $42.00. Approximately 100 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 143 shares. The stock had previously closed at $41.00. Uniper Stock