Russia is reducing natural gas supplies to France. Gazprom has informed French energy major Engie about a reduction of gas deliveries starting August 30.
A press release reportedly said that the reason for the immediate supply cut is due to disagreements over supply contracts, according to Le Figaro newspaper reported on Tuesday.
The news comes after Gazprom’s deliveries to the French utility had already been reduced last month, the newspaper noted. Engie, however, assured customers that it has “already secured the volumes necessary to ensure the supply of its customers and for its own needs,” and has taken measures to “significantly reduce” the impact of a potential complete shutdown of Russian gas deliveries. -RT
According to the head of the Energy Regulatory Commission (CRE), Emmanuelle Wargon, France’s strategic gas reserves are currently around 91% full.
This news comes as Hungary seeks an increased supply of natural gas from Gazprom. According to a report by Reuters, Hungary will continue talks with Russia on additional gas supplies and expects to reach a deal with Gazprom to boost supplies further from next month, Hungary’s Foreign Minister Peter Szijjarto said on Monday. Szijjarto met his Russian counterpart Sergei Lavrov in Moscow last month, seeking 700 million cubic meters of gas on top of an existing long-term supply deal with Russia.
As Gazprom reduces the supply sent to France, it has already been increasing its supply to Hungary.
Hungary, which is about 85% dependent on Russian gas, firmly opposes the idea of any European Union sanctions on Russian gas imports and Prime Minister Viktor Orban has also lobbied hard to secure an exemption from EU sanctions on Russian crude oil imports.
Under a subsequent agreement, Gazprom started ramping up gas flows to Hungary on Friday, Hungarian Foreign Ministry State Secretary Tamas Menczer said in a statement.
The sanctions have so far been more detrimental to Europe than they have been to Russia.
How Economic Sanctions against Russia Could Backfire
Sadly, this could be a cold and dark winter for people in Europe. Hopefully, they have prepared as best they can for what looks like an intentional grid failure and fuel shortage.
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