Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business

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Engie is a French multinational utility company, which operates in the fields of energy transition, electricity generation and distribution, natural gas, nuclear, renewable energy and petroleum.

Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business

Stay Pausing Investments

Global 500, is an annual ranking of the top 500 corporations worldwide

Global 500
Revenue(RF), mln.USD
1450
Glob.Revenue, mln.USD
61176
The Company Statement
June 16, 2022

The Group’s long-term contracts with Gazprom in 2021 represented approximately 20% of ENGIE’s overall gas sales and consumption worldwide. Should European sanctions affect Russian supplies – ENGIE would comply with such decision at all levels. At the beginning of the fourth quarter of 2022, Engie initiated arbitration proceedings against Gazprom Export LLC, seeking, in particular: recognition of Gazprom Export LLC's failure to fulfill its gas supply obligations under long-term gas supply contracts and payment of penalties, and as well as compensation for damages caused as a result of such non-performance.

February 21, 2023France's Engie initiated arbitration against Gazprom over gas shortages
June 16, 2022OMV and Engie also report a reduction in gas supplies from the Russian Federation
March 02, 2022Statement on the crisis in Ukraine
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