Gazprom reduces its gas deliveries to Engie, which has its back covered

It was only a matter of time, dare we say. The Engie group announces on Tuesday August 30 that it has been informed by the Russian gas giant Gazprom of an immediate reduction in its gas deliveries “due to a disagreement between the parties on the application of contracts”. The news should not have a dramatic impact on the gas supply of the French energy industrial group, which recalls that its dependence on Gazprom has already “significantly decreased” since the start of the war in Ukraine more than six months ago.

The company run by Catherine MacGregor says it has “already secured the volumes necessary to ensure the supply of its customers and for its own needs” and put in place the necessary measures to “significantly reduce” the impact of a possible interruption of gas deliveries by Gazprom.

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Already at the end of July, when presenting its half-year results, the company had estimated that “the additional volumes contracted by new sources of supply, including liquefied natural gas (LNG), accompanied by a reduction in demand, will make it possible to supplement the needs for Russian gas and to reach the storage levels [définis par le gouvernement]».

Asked about this on Classic Radio on Tuesday, August 30 in the morning, the newly appointed President of the Energy Regulatory Commission (CRE), Emmanuelle Wargon, stressed that France’s strategic gas reserves were now filled to around 91 %, which puts the country on track to achieve the government’s goal of full filling by November 1.

With Reuters (written by Myriam Rivet, edited by Jean-Stéphane Brosse)

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Source: UsineNouvelle – Actualités A la une by www.usinenouvelle.com.

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