Ukraine Crisis: Energy Majors in France Caution Customers on Use of Gas
Heads of France’s three largest energy companies yesterday submitted a joint letter urging residents in the country to use less energy in anticipation of even worse supply.
“We need to work collectively to reduce our consumption in order to regain room to manoeuvre,” the chief executives of TotalEnergies, EDF, and Engie said in their letter cited by Reuters.
The oil majors stated in the letter that France needs to secure enough gas for the winter, so savings on gas needed to start now during the summer.
They also explained that energy efficiency must also be increased right away, which will have the added benefits of increasing the purchasing power of households and reducing greenhouse gas emissions.
“Taking action as soon as this summer will allow us to be better prepared at the start of next winter, notably for preserving our gas reserves,” Patrick Pouyanne, Jean-Bernard Levy, and Catherine McGregor wrote, adding that energy conservation efforts need to be “immediate, collective and massive.”
It will be recalled that earlier this month, as a fallout of the EU blockage against Russia gas, in view of the latter’s aggression in Ukraine, France stopped receiving natural gas from Russia via a pipeline linking it to Germany.
Russia had reduced flows along the Nord Stream 1 pipeline. Then last week, France’s energy minister said Russian gas would be coming into the country in the coming days but at varying volumes, depending on how much other countries were getting.
France aims to have its gas storage facilities filled up by the start of autumn, per Prime Minister Elisabeth Borne. Currently, they are 59 percent full.
Reports say the call for energy conservation by the majors echoes another one made by German authorities amid the reduced flows via Nord Stream 1, which ignited fears that Gazprom may halt gas exports to Germany via the pipeline altogether, plunging Europe’s largest economy into a veritable energy crisis.