You are currently viewing The Russian group Gazprom will “completely” suspend its deliveries to the Engie group from Thursday

The Russian group Gazprom will “completely” suspend its deliveries to the Engie group from Thursday

  • Post category:Economy News
  • Reading time:5 mins read

In a press release published on its Telegram account, the Russian gas giant Gazprom announced that it was “completely” suspending its gas deliveries to the French group Engie.

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Lhe 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 full receipt of the financial sums due for the deliveries”, indicated the Russian group in a press release published Tuesday evening on its website. Telegram account.

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 set period 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”.

Deliveries already reduced

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.

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.