Strategic cooperation between Gazprom and ENGIE supported by long-term contracts

A working meeting of Alexey miller, Chairman of the Management Committee of Gazprom, with Jean-Pierre Clamadieu, Chairman of the Board of Directors of ENGIE, and Catherine MacGregor, Chief Executive Officer of ENGIE, took place today by conference call.

It was noted that Russia has been a reliable supplier of gas to France for 45 years, with exports during this period exceeding 427 billion cubic meters in total. The overall amount of gas supplied since the start of this year has exceeded 10 billion cubic meters – France ranks among Gazprom’s top three consumers of gas in the European Union.

The parties discussed issues relating to strategic cooperation between enterprises underpinned by long-term contracts. The first of these contracts, signed in 1975, remains in force to this day. Such long-term agreements facilitate the stable development of the European energy sector and promote the interests of both suppliers and consumers.

At the meeting, special attention was paid to the important role of natural gas – a clean and affordable source of energy – in achieving Europe’s climate goals.

Background

ENGIE has the largest gas transmission network in Europe and is the largest operator of UGS installations in Europe in terms of capacity. The company is headquartered in Paris, France.

Gazprom and ENGIE cooperate, among other things, in the supply and transport of gas.

ENGIE is a shareholder of Nord Stream SA, the operator of Nord Stream export pipeline (Gazprom – 51%, Wintershall Dea and E.ON – 15.5% each, and Gasunie and ENGIE – 9% each). On November 8, 2021, Nord Stream AG celebrated the tenth anniversary of the start of Russian gas supplies to Europe via Nord Stream.

The two companies also pursue joint cultural projects.

Information Department, Gazprom

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