OGZPY - Engie says Gazprom further cutting gas deliveries

France accused Russia of using gas supplies as "a weapon of war" after Gazprom ( OTCPK:OGZPY ) told French utility Engie ( OTCPK:ENGIY ) on Tuesday that it will immediately cut gas deliveries because of disagreements over some contracts.

With more than 90% of its gas storage full, France should have enough fuel to cope with a winter with average temperatures, although the situation could be tight during potential cold snaps, Engie Executive VP Claire Waysand said.

Engie ( OTCPK:ENGIY ) said deliveries of Russian gas already has fallen sharply since the start of the war in Ukraine, citing recent monthly supply of ~1.5 TWh; the company's total supplies in Europe amount to more than 400 TWh/year.

Reserves in the European Union were filled up to 79.4% of capacity as of August 27, compared with the target of 80% by November 1, Bloomberg reports, citing data from Gas Infrastructure Europe.

Gazprom ( OTCPK:OGZPY ) has said it will stop supplies on the Nord Stream pipeline to Germany for three days starting August 31 for maintenance .

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