
Gazprom has told Engie it is cutting gas supplies from Tuesday due to disagreements between the parties over the application of some contracts, the French energy group said, Reuters reports.
“As previously announced, Engie has already secured the necessary volumes to meet its obligations to its customers and its own requirements, and has taken a number of measures to significantly reduce any direct physical and financial consequences that may arise from the termination of Gazprom’s gas supplies” . This is stated in the statement of the French company, Agerpres notes.
Last month, Engie signed a three-year contract with Algerian state-owned Sonatrach for the price of gas to be delivered through the 10 billion cubic meter per year Medgaz undersea pipeline. Sonatrach and Engie “have reached an agreement on a contract for the supply and sale of natural gas through Medgaz”.
The contract between the two companies, concluded in 2011, ensures the supply of natural gas to Engie by Sonatrach through the Medgaz gas pipeline.
At the time of signing the agreement, Sonatrach and Engie also confirmed “their intention to expand their partnership in the field of liquefied natural gas (LNG) and natural gas. Engie is a major economic player in Algeria, especially in gas exploration and production. natural gas, being the main buyer of LNG in the country.
On Monday, Engie Vice President Claire Waysand announced that the French company is in talks with Sonatrach about potentially increasing gas exports to France in the medium to long term, not just this winter.
Claire Weisand also assured that Engie has “sufficient volumes of gas” for this winter.
Source: Hot News RO

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