Russia's Gazprom to completely halt gas supplies to France's Engie

Russian energy giant Gazprom said on Tuesday that it will completely suspend gas supplies to French industrial energy group Engie this week due to a contract dispute, amid concerns of a potential energy crisis in Europe this winter, reported from  CNN. 

In a statement on its official Telegram channel, Gazprom said: "At the close of the business day on August 30, Gazprom Export did not receive full payment for gas supplied to Engie (France) in July under the existing contracts."

The Gazprom statement added that Russian law prohibits the country's natural gas suppliers from supplying further gas deliveries to foreign buyers if payment has not been made in full by the buyer within the contractual term.

Gazprom added that it has notified Engie of a complete suspension of gas deliveries beginning September 1 until full payment for the gas supplied has been received.

The announcement came just hours after Gazprom said it would reduce its gas supply to France.

The decrease in supply is "due to a disagreement between the parties on the application of contracts," Engie said in a statement earlier Tuesday.

www.anews.az