According to President Emmanuel Macron, this shows European solidarity in the face of the energy crisis brought on by the conflict in Ukraine. France would transfer gas to Germany if necessary, and Germany is prepared to supply it with electricity.
Gas and electricity will be exchanged between France and Germany in order to weather any crises
After Russia stopped pumping gas via a key supply channel on Monday, the 27-nation EU hurried to respond to the problem ahead of winter. European gas prices spiked, share prices fell, and the euro fell.
Following a phone chat with German Chancellor Olaf Scholz, France’s president stated at a press conference that “Germany needs our gas and we need power from the rest of Europe, particularly Germany.”
He added that the connections needed for France to provide gas to Germany when necessary would be completed in the upcoming weeks and that because of technical issues with its nuclear facilities, France, which has long been a net exporter of power, will need assistance from its neighbors.
Macron, however, rejected calls to enhance capacity with a new pipeline and said that he did not comprehend the need for a third gas link between France and Spain.
He added that if Scholz or Prime Minister Pedro Sanchez made a strong case for it, he might be persuaded to change his views.
Macron declared that France would prefer to purchase gas at the European level as opposed to the national level and called for European Union actions to reduce energy costs ahead of a meeting of EU energy ministers on Friday.
He asserted that EU-level action against energy price speculation was important and that France supported capping the cost of Russian gas shipped through pipelines.
During this winter, Macron has urged everyone to keep their thermostats set to 19 degrees Celsius and to turn down air conditioners when it’s hot outside.
Everyone needs to contribute, he said.
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