Announced last fall, it was to end on June 30. The tariff shield which frames gas prices has been extended until December 31, 2022, announces a decree published on Sunday June 26 in the Official Journal.

While Russia, subject to Western sanctions because of the war in Ukraine, is limiting its gas deliveries to countries of the European Union, the French government is extending a mechanism which makes it possible to partially cushion the effects of the rise in energy price.

Fill gas reserves to 100%

France has also set itself the objective of filling its gas reserves to 100% by the end of the summer to cope with the tensions expected during the coming winter and, in the longer term, it intends to provide a large floating LNG terminal in Le Havre in order to reduce its dependence on gas from Russia, Elisabeth Borne announced on Thursday. Gas reserves are currently around 60% full in France.

In this context, the leaders of the major French energy companies launched a call on Sunday to “immediately limit the consumption” of energy, which, according to them, will allow France to regain room for maneuver and to face future peaks of consumption.