TELETRADER News
8/30/2022, 8:37 PM (Source: TeleTrader)
more TeleTrader news

Engie+0.16%

13.918
Chart for: Engie SA

Gazprom+47.89%

10.500
Chart for: Gazprom (REPO with CCP - negotiated)

Gazprom: Supplies to Engie to stay halted until payment received

Gazprom said on Tuesday that it has suspended all supply to French power company Engie SA due to insufficient payments in July.

The Russian energy giant warned supply will remain halted until payments are received in full.

Earlier, Engie stated that Gazprom informed it that it will reduce gas deliveries as a result of a disagreement related to the application of certain contracts, but insisted it has "already secured the volumes necessary to meet its commitments towards its customers."

Baha Breaking News (BBN) / NP