Engie: “Without Russian gas, we would be entering an extreme scenario”

European and French imports of Russian gas have been on the rise since the start of the war in Ukraine. What’s going on ?

Before responding to our specific issues, allow me to remind you that we condemn the invasion of Ukraine , as our board of directors insisted on emphasizing. Second element, we have no industrial activity either in Russia or in Ukraine. We buy Russian gas , which represents 20% of our worldwide sales and consumption, under long-term contracts. Regarding Gazprom deliveries, they continue to arrive normally in France and in Europe currently. The increase you mention compared to last month is not significant and is the result of one-off arbitrations by buyers, including Engie. Gazprom is fulfilling its contractual obligations, as it always has. This logic also prevails for deliveries of liquefied natural gas (LNG), which are continuing.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.