RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2022-03-03 14:15:00

RUSSIAN GAS FOR FRANCE

RUSSIAN GAS FOR FRANCE

PLATTS - 03 Mar 2022 - France's Engie signaled late March 2 that it would continue to buy Russian gas, saying its priority was to ensure gas supply security for its customers.

Engie's long-term contracts with Russia's state-controlled Gazprom represented around 20% of the company's overall gas sales in 2021, it said in a statement.
"At a time when there are increasing tensions in energy markets, Engie will continue to prioritize the security of energy supply to its clients," it said.

Engie said it would comply with any European sanctions that could potentially affect Russian gas supplies to Europe, but warned of the major impact such a move would have on the market.

"Should European sanctions affect Russian supplies –- which account for 40% of all European gas needs across all operators -- Engie would comply with such decision at all levels," it said.

"Under these exceptional circumstances, governments and regulatory authorities would have to take measures given significant supply tensions that could be expected for 2022/2023 and the group would work hand-in-hand with authorities."

France bought a total of 12.4 Bcm of Russian gas from Gazprom in 2020 -- according to the most recent full-year sales data from the Russian company -- or around 29% of French gas consumption that year.

Engie said it had a portfolio of long-term contracts with a number of other non-Russian gas suppliers, including Norway, the Netherlands, Algeria and the US.

"The group is seizing all possible opportunities to ensure security of supply," it said.

Nord Stream 2 role

Engie said it did not engage in any industrial activity in Russia and no investment projects were underway on Russian territory.

However, Engie was one of five European energy companies that helped finance the construction of the suspended Nord Stream 2 gas pipeline from Russia to Germany.

"Engie, as a lender, is exposed to Eur987million of credit risk which could impact its accounts in the event of Nord Stream 2 filing for insolvency," it said.

The Switzerland-based operator of Nord Stream 2 on March 2 denied reports it had filed for bankruptcy, saying it had only informed local authorities that it had terminated employee contracts.

Numerous media reports, citing sources and Swiss officials, on March 1 said Nord Stream 2 AG had filed for insolvency or was planning to after US sanctions were imposed against the company on Feb. 23.

Engie, along with Shell, Austria's OMV, and Germany's Wintershall Dea and Uniper, each pledged to loan Eur950 million to help build Nord Stream 2.

-----


Earlier:

RUSSIAN GAS FOR FRANCE
2022, February, 24, 12:25:00
RUSSIAN GAS TO EUROPE UP
It added that deliveries on Feb. 24 are set at 83 million cubic meters, a 31.4% increase on Feb. 23.
RUSSIAN GAS FOR FRANCE
2022, February, 23, 13:10:00
NORD STREAM 2 PAUSE
Halting the certification process means the 55 Bcm/year pipeline -- which was completed in September -- will be unable to begin commercial operations.
RUSSIAN GAS FOR FRANCE
2022, February, 21, 11:25:00
FRANCE'S NUCLEAR NEED EUR2.5 BLN
EDF says it is to raise EUR2.5 billion (USD2.8 billion) to help cover the costs of measures imposed to limit French energy bills and a projected fall in nuclear output.
RUSSIAN GAS FOR FRANCE
2022, February, 14, 11:45:00
FRANCE RENEWABLES WILL UP TO 100 GW
Solar energy capacities should reach a capacity over 100 gigawatt by 2050, while off-shore wind capacity should grow to 40 gigawatt from virtually zero at the moment.
RUSSIAN GAS FOR FRANCE
2022, January, 20, 15:30:00
FRANCE'S ENERGY MEASURES $9.5 BLN
Trade unions at the French energy giant EDF are calling for strike action next week over government measures designed to control fuel bill rises, which the company estimates could cost it as much as EUR8.4 billion (USD9.5 billion).
RUSSIAN GAS FOR FRANCE
2021, December, 6, 12:50:00
FRANCE'S NUCLEAR POWER +10%
The ARENH law (Accès régulé à l'électricité nucléaire historique, 2010) obliges EDF to sell part of its nuclear generation (up to 100 TWh/year, i.e. around a quarter of its production) to alternative suppliers on the wholesale market at a regulated price
All Publications »
Tags: RUSSIA, GAS, FRANCE, GAZPROM, ENGIE
Chronicle:
RUSSIAN GAS FOR FRANCE
2022, May, 27, 12:14:00
WORLD GAS CONFERENCE 2022
The 28th World Gas Conference (WGC 2022) takes place in Daegu, the energy city of Korea in May 2022.
RUSSIAN GAS FOR FRANCE
2022, May, 27, 12:13:00
6TH ANNUAL LNG SUMMIT USA
The 6th Edition of Wisdom’s Much Acclaimed Annual LNG Summit Will Be Held Live in Houston - PREPARING THE INDUSTRY FOR THE RISE IN DEMAND FOR LNG
RUSSIAN GAS FOR FRANCE
2022, May, 27, 12:10:00
ЭНЕРГОРЕСУРСЫ ДЛЯ ЕАЭС
Николай Шульгинов подчеркнул, что для обеспечения энергетической безопасности энергосистем Центральной Азии необходима совместная разработка мер нормативного, организационного и технического характера.
RUSSIAN GAS FOR FRANCE
2022, May, 27, 12:05:00
UAE, INDIA ENERGY COOPERATION
The UAE’s expanded cooperation with India in the area of climate aims to support India’s ambition to achieve 450 gigawatts (GW) of renewable energy installed capacity by 2030 and aligns with the UAE’s ambitions to expand its low and zero-carbon energy capabilities.
RUSSIAN GAS FOR FRANCE
2022, May, 27, 12:00:00
U.S. OIL INVENTORIES DOWN BY 1.0 MB TO 419.8 MB
U.S. commercial crude oil inventories decreased by 1.0 million barrels to 419.8 million barrels.
RUSSIAN GAS FOR FRANCE
2022, May, 26, 12:40:00
OIL PRICE: BRENT ABOVE $114, WTI NEAR $111
Brent gained 47 cents, or 0.41%, to $114.50 a barrel , WTI climbed 53 cents, or 0.48%, to $110.86 a barrel.
RUSSIAN GAS FOR FRANCE
2022, May, 26, 12:35:00
ВЗАИМОДЕЙСТВИЕ РОССИИ, ИРАНА
Важную роль в развитии двусторонних отношений играют флагманские проекты сотрудничества, продолжил вице-премьер, такие как строительство атомной электростанции «Бушер» и теплоэлектростанции «Сирик».
All Publications »