The French Energy Minister Agnès Pannier-Runacherdeclared on Wednesday that Russia is using the gas as a weapon of war “just as we had planned.”
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Russia is further reducing French supplies based on that assumption.
France has been ready and prepared for such a scenario.
The country is already reducing its exposure to Russian gas imports to 9%.compared to double that it had before the conflict between Russia and Ukraine.
These comments come after Engie SA, a French multinational utility company, said on Tuesday that Russia’s Gazprom had informed them of a reduction in gas deliveries from today due to disagreements between the parties over the application of various contracts.
Later, however, the Russian gas giant Gazprom announced that it will totally suspend supplies of natural gas to Engie from September 1 until it receives all payments for the gas in full.
Source: Fx Street
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