Engie asks Gazprom to reduce gas deliveries from Tuesday By Bloomberg

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© Bloomberg. An Engie SA logo is displayed at the French energy giant’s Crigen gas, new energies and emerging technologies research and development center in Stains, France, Tuesday, September 22, 2020. Veolia Environnement SA proposed the month last to buy 29.9% of Suez SA from French utility Engie for 2.9 billion euros ($3.4 billion), the first step to taking full control. Photographer: Cyril Marcilhacy/Bloomberg

(Bloomberg) – Russian energy giant Gazprom PJSC (OTC:) has informed Engie SA (EPA:) of a reduction in gas deliveries from Tuesday due to disagreements over some contracts, the utility said. French, signaling a further squeeze on Europe’s energy supply.

The announcement follows French Prime Minister Elisabeth Borne’s call on Monday for businesses to reduce their energy consumption or face possible rationing this winter if Russia cuts gas supplies.

“As previously announced, Engie had already secured the volumes necessary to meet its commitments to its customers and its own needs, and implemented several measures to significantly reduce the direct financial and physical impacts that could result from an interruption of supply. in gas by Gazprom. (MCX:),” the company said in a statement on Tuesday.

Gazprom’s deliveries to Engie had already decreased “significantly” since the start of the war in Ukraine, with a recent monthly supply of around 1.5 terawatt hours, the company based near Paris added. That compares to the group’s total annual supplies in Europe of over 400 terawatt hours, he said.

Gazprom plans to halt deliveries on the Nord Stream gas pipeline to Germany from August 31 for three days of planned maintenance.

©2022 Bloomberg LP

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