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Engie can do without the president of Russian gas

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The Engie power plant is pictured in Montoir-de-Bretagne near Saint-Nazaire, France, March 4, 2022. REUTERS/Stephane Mahe

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PARIS, April 20 (Reuters) – French gas utility Engie (ENGIE.PA) could do without Russian gas, and Europe as a whole should also be able to halve its dependence on Russian gas, a declared the president of Engie Jean-Pierre Clamadieu in an interview with the French daily Le Figaro.

“Engie can do without Russian gas, which represents 20% of its supply. Europe as a whole is probably able to replace half of its Russian gas. The other half could be taken care of by a reduction in consumption and production shutdowns by the industry. ,” he said.

He also said there was no agreement with Russian gas supplier Gazprom on payment for supplies in roubles, as requested by Russian authorities.

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“Gazprom said they want to change the terms of payment for our supplies. The question will arise during the next payment, which is in May. We are not obliged to pay in rubles. We have no reason to take the risk of exchange “, he said.

Asked if Engie might be interested in acquiring EDF’s renewable energy assets (EDF.PA), he said EDF’s public shareholder wanted the utility to focus on nuclear.

“We’ll see if it opens up opportunities for us…we have the wherewithal to act if the right opportunities arise,” he said.

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Report by GV De Clercq; Editing by Stephen Coates

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