Europe’s energy crisis escalated as Russian natural-gas giant Gazprom PJSC said it will halt supplies to French utility Engie SA because of a disagreement over payments.
Gazprom has notified Engie about a full cutoff of gas from Sept. 1 as the utility hasn’t paid in full for July deliveries, the Russian gas producer said in a statement. Earlier, Gazprom said it would reduce gas supplies starting Tuesday. It also plans to shut the Nord Stream pipeline to Germany for three days of maintenance beginning Wednesday.
