Macron faces hell as energy companies issue stern warning after pressure from Putin | Science | New


In a letter, the leaders of France’s main energy companies issued a dire warning about the energy crisis, urging individuals and businesses to immediately limit their energy consumption. For nearly a year, Europe has been in the throes of a major fossil fuel crisis, which has been made worse by Russia’s gradual cut in gas supplies entering the starved bloc in order to exert political pressure. Europe is heavily dependent on Russia for its fossil fuel exports, particularly natural gas.

In an open letter published by the weekly Journal du Dimanche, the CEOs of Engie, EDF and Total wrote: “We must work collectively to reduce our consumption in order to regain room for manoeuvre.”

Since Russia’s invasion of Ukraine on February 24, the EU and Moscow have drifted apart, with Vladimir Putin cutting gas supplies to several countries.

Meanwhile, the EU has pledged to cut Russian gas imports by two-thirds by the end of the year, and has also imposed sanctions on Moscow’s coal and oil exports.

Due to this sharp drop in energy exports from Russia, Catherine MacGregor of Engie, Jean-Bernard Levy of EDF and Patrick Pouyanne of TotalEnergies signed a letter warning of another impending energy crisis this winter.

On Thursday, French Prime Minister Elisabeth Borne announced that the country plans to fill its gas storage facilities by early fall, which are currently around 59% full.

Meanwhile, French media reported in March that Mr Macron’s government was planning to increase its LNG storage capacity with the help of TotalEnergies after the United States declared itself ready to increase deliveries to France. ‘Europe.

In the letter, energy officials wrote: “Acting this summer will allow us to be better prepared for the start of next winter, in particular to preserve our gas reserves.

They also underlined the importance of deploying “immediate, collective and massive” efforts to limit energy consumption.

READ MORE: Macron warned of horror ‘nuclear accident’ at EDF power plants


Comments are closed.