ESSEN, Germany – E.ON has stopped procuring new fuel quantities from Gazprom buying and selling corporations in Europe in response to the conflict in Ukraine, the group’s Chief Govt Leonhard Birnbaum mentioned on Wednesday.
The group mentioned that whereas it has no long-term provide contracts straight with fuel producers, a small quantity in its portfolio has been bought from Gazprom buying and selling corporations, including it had stopped shopping for new quantities.
Birnbaum nonetheless cautioned that a sudden halt of power imports from Russia would deal successful to E.ON.
“The Russian market isn't considered one of our goal areas. However one factor is obvious: If there's a roughly prolonged bodily scarcity of power imports, it might have penalties for us as effectively,” he mentioned on the group’s annual press convention.
Post a Comment