Energy Demand Close to Normal Amid Lockdowns: Engie Co-CEO

Judith Hartmann, CEO of Engie, discusses the impact of European lockdowns on power demand, noting a slight recovery. She highlights the potential effects of a COVID-19 vaccine on energy consumption patterns and emphasizes Engie's commitment to renewable energy investments. Despite market volatility, Engie maintains its financial guidance, attributing it to strategic efforts and government collaboration. The discussion also covers the Nord Stream 2 pipeline and Engie's strategic business simplifications.

What was the impact of the second quarter lockdowns on energy demand in Europe?

• Energy demand increased slightly

• Energy demand remained stable

• Energy demand dropped significantly

• Energy demand increased by 10%

How might a COVID-19 vaccine affect energy consumption patterns?

• It will result in a complete halt of energy consumption

• It will cause a shift in energy consumption types

• It will lead to a decrease in energy demand

• It will have no effect

What is Engie's long-term strategy regarding energy investments?

• Reduce all energy investments

• Focus on fossil fuels

• Invest in nuclear energy

• Commit to renewable energy

What measures has Engie taken to maintain financial stability during the pandemic?

• Stopped all operations

• Increased fossil fuel investments

• Laid off all employees

• Communicated with governments and adjusted operations

How did Engie's activity levels change from April to the fourth quarter?

• Decreased from 90% to 60%

• Fluctuated between 60% and 90%

• Increased from 60% to above 90%

• Remained constant at 60%

What is Engie's current position on the Nord Stream 2 pipeline?

• They have completed the project

• They are not involved in the project

• They have abandoned the project

• They are hopeful it will proceed

What strategic progress is Engie focusing on?

• Simplifying business and focusing on core components

• Halting all strategic initiatives

• Expanding fossil fuel operations

• Reducing renewable energy investments