Engie also assured in the statement that it has put in place several measures to significantly limit any direct financial and physical impacts that could arise due to the interruption of gas supplies by Gazprom.
Gazprom has significantly reduced Engie supplies since the start of the war in Ukraine. Last month it was only 1.5 terawatt hours (TWh), by comparison Engie’s total annual European supply is over 400 TWh. Gazprom has a share of four percent of Engie’s total supplies.
French Prime Minister Élisabeth Borne on Monday called on companies to draw up energy savings plans by next month. She warned that they may be hit first if France has to cut gas and electricity supplies.
France is less dependent on gas imports from Russia than its neighbors. Russia accounts for about 17 percent of total gas consumption, Reuters reported.
The export price of gas will double this year, Russia estimates
Engie confirmed on Monday that it is in talks with the Algerian firm Sonatrach to increase gas imports. According to some media, deliveries from Algeria could increase by around 50 percent. France now takes around eight percent of the gas it needs from Algeria.
Algeria is the third largest supplier of gas to Europe after Russia and Norway. The country has discovered new deposits and recently signed an agreement to increase gas supplies with Italy.