Infotech Gazprom will “completely” suspend its gas deliveries to Engie from Thursday

Gazprom will “completely” suspend its gas deliveries to Engie from Thursday

The Russian giant Gazprom announced on Tuesday August 30 that it was going to 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.

Why half of France’s nuclear reactors are shut down (and why it’s worrying)

“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 this Tuesday evening on its Telegram account.

The sequel after the ad

“A disagreement between the parties on the application of contracts”

Under a decree by Russian President Vladimir Putin signed at the end of March, Gazprom specifies “that it is prohibited to deliver more natural gas to a foreign buyer if the buyer has not made payment in full within the period fixed in the contract”. However, Gazprom affirms not to have received Tuesday at the end of the day the entirety of the sums due for the deliveries of July. Engie, contacted by AFP on Tuesday evening, declined to comment on Gazprom’s announcement.

On Tuesday morning, Engie announced that Gazprom had informed it of additional and immediate reductions in its gas deliveries “due to a disagreement between the parties on the application of contracts”.

Faced with the risk of a shortage of Russian gas, Germany reopens the debate on shale gas

The group recalled having already put in place measures to be able to supply its customers, even in the event of an interruption in Gazprom flows.

Deliveries of Russian gas to Engie had already dropped considerably since the start of the conflict in Ukraine. In response to Western sanctions against Moscow to punish its offensive against kyiv, Russia has several times reduced its gas deliveries to Europe, which is highly dependent on it.

Leave a Reply

Your email address will not be published. Required fields are marked *