French energy giants: Reduce fuel and electricity use now




  • In US
  • 2022-06-26 10:02:13Z
  • By Associated Press

PARIS (AP) - Leaders of three French energy companies on Sunday called on the French public to immediately reduce consumption of fuel, oil, electricity and gas amid shortages and soaring prices due to Russia's supply cuts and the war in Ukraine.

"The effort must be immediate, collective and massive," the leaders of the three companies, TotalEnergies, EDF and Engie said in a rare joint statement that was published in the French weekly Journal du Dimanche. "Every gesture counts," the statement said.

Russia has cut - and in some case shut off - gas supplies to several European Union countries in retaliation for the 27-member bloc's sanctions against Moscow for its invasion of Ukraine on Feb. 24.

For months, the European energy system has been under severe strain and the French energy system has not been spared. The level of alert on gas stocks across the continent is high and rationing measures have been put in place. France, like other European countries, is trying to beef up its gas reserves for winter, aiming to fill up its storage by early autumn to avert an economic and political crisis.

"Taking action in the summer will prepare us for winter," the energy companies' leaders said.

In addition to the gas supply shortages linked to the war in Ukraine, there are pressures on electricity production capacities in Europe and reductions in hydroelectric production due to drought.

"The soaring energy prices are a result of these difficulties that threaten our social and political cohesion and have a heavy impact on purchasing power of families," the statement said.

COMMENTS

More Related News

Concerns for nuclear catastrophe rise at damaged Ukraine
Concerns for nuclear catastrophe rise at damaged Ukraine's Zaporizhzhia plant: Live updates

Ukraine and Russia have blamed each other for rocket attacks near the Russian-occupied Zaporizhzhia nuclear power plant.

Ukraine Latest: Russian Weapons Dumps Hit in Kherson Region
Ukraine Latest: Russian Weapons Dumps Hit in Kherson Region

(Bloomberg) -- Ukraine's military is focusing on a counteroffensive in the southern Kherson region. In recent days, Kyiv's forces have rendered inoperable...

Time to question Russia
Time to question Russia's imperial innocence
  • World
  • 2022-08-14 07:26:00Z

President Vladimir Putin has successfully mobilized a sense of militant patriotism in the Russian public to wage war in Ukraine.

Saudi Aramco unveils record $48.4 billion profit in Q2
Saudi Aramco unveils record $48.4 billion profit in Q2

Oil giant Saudi Aramco on Sunday unveiled record profits of $48.4 billion in the second quarter of 2022, after Russia's war in Ukraine and a post-pandemic...

Bangladesh fuel prices:
Bangladesh fuel prices: 'I might start begging in the street'

Inflation and the Ukraine war lead to 50% jump in costs.

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: US