Gazprom announces “complete” suspension of its gas deliveries to the French group Engie from Thursday

by time news

The Russian giant indicates that it has not received full payment of the sums due. According to our information, Engie no longer wanted to pay for the volumes of gas that it no longer received.

The Russian giant Gazprom announced on Tuesday that it would completely suspend its gas deliveries to the French group Engie from Thursday, due to the latter’s non-payment for all deliveries made in July. “Gazprom Export has notified Engie of a complete suspension of gas deliveries from September 1, 2022 until receipt in full of the financial sums due for the deliveries”said the Russian group in a press release published Tuesday evening on its Telegram account.

In reality, Engie no longer wanted to pay for volumes of gas that it no longer received. “Since the volumes sent by Gazprom no longer corresponded to the contract, Engie decided to apply the contractual clauses: either request penalties from Gazprom, or – and this is what the French group did – only pay the volumes actually delivered specified to Figaroa French source familiar with the matter. At first, Engie gave the benefit of the doubt to its commercial partner (Gazprom invoked shutdowns for maintenance to explain the drop in gas delivery, Ed). But once the group found other supplies, they could afford to go to litigation.”

Deliveries of Russian gas to Engie had already decreased considerably since the start of the conflict in Ukraine, recently falling to just 1.5 TWh per month, said Engie in a press release on Tuesday morning, which had mentioned at the end of July a share of Russian gas in its supplies on the order of 4%. The group recalls that it has already put in place measures to be able to supply its customers even in the event of an interruption in Gazprom flows.

This figure is to be related to supplies “annual totals in Europe above 400 TWh“, adds the main gas supplier in France, of which the French State holds almost 24%. The group recalls that it has already put in place measures to be able to supply its customers even in the event of an interruption in Gazprom flows. “Engie had already secured the volumes necessary to ensure the supply of its customers and for its own needs.», is it indicated in the text.

Last Thursday, France’s gas stocks exceeded the 90% fill threshold for the winter, according to the European Aggregated Gas Storage Inventory (AGSI) platform and France is on track to meet its 100% fill target. here November.

Government spokesman Olivier Véran confirmed on Franceinfo radio on Tuesday that the objective would be achieved.by the end of summer” but warned that this did not mean that France would have “enough gas to survive the winter if the Russians cut it off and we used a lot of it“. At the end of July, Engie assured that it had significantly reduced its “financial and physical exposure to Russian gas”, which already represented only about 4% of its supplies. “It’s completely within the flexibility of our portfolios, so we’re not at all worried.“, had then declared its director general Catherine MacGregor.

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