French Engie is the fourth European customer to report lower volumes of natural gas deliveries
French multinational utility Engie said on Thursday that Russia had cut gas shipments, Bloomberg reports, citing a company statement.
Similar announcements were made by several European utilities, including Germany’s Uniper, Italy’s Eni and Austria’s OMV.
The reduction in supplies to Europe to less than half of usual volumes is expected to push up natural gas prices on the continent even further.
On Thursday morning, wholesale prices for Dutch gas, the European benchmark, jumped up to 25%, adding to the 44% rise of the two previous sessions, reaching more than 1,500 dollars per thousand cubic meters for the first time since April.
Russia warns of potential gas ‘disaster’ for Germany
The price spike follows Gazprom’s statement that technical problems forced the Russian energy giant to cut almost 60% of gas supplies to Germany through the Nord Stream pipeline.
For more stories on economics and finance, visit RT’s business section
You can share this story on social media: