Strategic Cooperation Between Gazprom and ENGIE Underpinned By long-term Contracts

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

It was noted that Russia has been a reliable supplier of gas to France for as many as 45 years, with exports over this period surpassing 427 billion cubic meters in total. Since the beginning of this year, the overall amount of gas supplied has exceeded 10 billion cubic meters – France ranks among the top three consumers of Gazprom's gas in the European Union.

The parties reviewed issues about the strategic cooperation between the companies underpinned by long-term contracts. The first of these contracts, which were signed back in 1975, remains in effect today. Such long-term arrangements facilitate the stable development of the European energy sector and further the interests of suppliers and consumers alike.

Particular attention at the meeting was paid to the important role of natural gas – a source of clean and affordable energy – in reaching Europe's climate targets.