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Gazprom’s U.K. Energy Supplier Gets Snubbed by Businesses

  • Energy-intensive companies decline to renew with supplier
  • Minister says ‘appropriate steps’ would be taken if firm folds
Gazprom PJSC's Kasimovskoye Underground Gas Storage Amid Euro Gas Crisis
Photographer: Andrey Rudakov/Bloomberg

Gazprom PJSC is seeing increasing numbers of large clients in the U.K. step away, with companies refusing to sign contracts with its energy supply businesses.

Gazprom Marketing & Trading Retail Ltd, which trades as Gazprom Energy, provides more than a fifth of U.K. commercial gas, including to factories and offices. Several large users of energy have said they want to end their relationship with the Russian company after the invasion of Ukraine. The health secretary, Sajid Javid, has asked the National Health Service units that are supplied by the company to cut their ties.