Purchase commitments for other energies and commodities mainly concern coal and oil used to operate the fossil-fired plants, and purchases of biomass fuel used by Dalkia in the course of its business.
Commitments for purchases of nuclear fuel arise from supply contracts for the nuclear plants intended to cover the EDF group’s needs for uranium and fluoration, enrichment and fuel assembly production services.
Gas purchase commitments are principally undertaken by Edison and EDF. The volumes concerned for both entities at 31 December 2019 are as follows:
| 31/12/2019 | 31/12/2018 | ||||
|---|---|---|---|---|---|
| Maturity | |||||
| (in billions of m3) | Total | < 1 year | 1-5 years | > 5 years | Total |
| Edison | Edison 31/12/2019 135 | Edison 31/12/2018 12 | 44 | 79 | 140 |
| EDF | EDF 31/12/2019 24 | EDF 31/12/2018 2 | 6 | 16 | 22 |
Edison has entered into agreements to import natural gas from Russia, Libya, Algeria and Qatar, for a total maximum volume of 12.4 billion m3 per year. The residual terms of these contracts vary between 1 and 15 years.
The contract with Algeria was renewed in 2019 for 1 billion m3 per year until 2027. The long-term contract for gas from Russia terminated in 2019 and Edison signed a new contract for 1 billion m3 per year for 2020.
EDF has entered into an import contract for LNG from the United States, concerning an annual supply of 0.7 million tonnes of LNG (1 billion m3 of natural gas per year) for a 20-year period beginning in May 2020.
Under the contract with Terminale GNL Adriatico, Edison also benefits from approximately 80% of the terminal’s regasification capacities until 2034.
Under the contract with the Dunkerque LNG methane terminal, EDF benefits from approximately 61% of the terminal’s regasification capacities until 2037, in return for payment of an annual premium of approximately €150 million. A provision for onerous contracts has been recorded in connection with this contract.
Edison has recently signed two significant purchase contracts for gas from Azerbaijan (1 billion m3per year), with deliveries scheduled to start in 2021, and LNG from the United States (1 million tonnes per year), with deliveries scheduled to start in 2023.
At 31 December 2019, these commitments mature as follows:
| 31/12/2019 | 31/12/2018 | ||||
|---|---|---|---|---|---|
| Maturity | |||||
| (in millions of euros) | Total | < 1 year | 1-5 years | > 5 years | Total |
| Operating guarantees given | Operating guarantees given 31/12/2019 7,349 | Operating guarantees given 31/12/2018 2,243 | 2,133 | 2,973 | 7,047 |
| Operating purchase commitments(1) | Operating purchase commitments (1)31/12/2019 7,594 | Operating purchase commitments (1)31/12/2018 4,100 | 2,717 | 777 | 6,898 |
| Other operating commitments | Other operating commitments 31/12/2019 305 | Other operating commitments 31/12/2018 82 | 131 | 92 | 172 |
| OPERATING CONTRACT PERFORMANCE COMMITMENTS GIVEN(2) | OPERATING CONTRACT PERFORMANCE COMMITMENTS GIVEN (2)31/12/2019 15,248 | OPERATING CONTRACT PERFORMANCE COMMITMENTS GIVEN (2)31/12/2018 6,425 | 4,981 | 3,842 | 14,117 |
(1) Excluding fuel and energy.
(2) Including commitments given by controlled entities to joint ventures, amounting to €1,019 million at 31 December 2019 (€982 million at 31 December 2018).
In the course of its business, the Group provides contract performance guarantees, generally through the intermediary of banks.
Operating guarantees given at 31 December 2019 mainly consist of guarantees given by EDF, Edison and EDF Renewables in connection with its development projects.
Operating guarantees given are as follows:
| (in millions of euros) | 31/12/2019 | 31/12/2018 |
|---|---|---|
| EDF | EDF 31/12/2019 2,081 | EDF 31/12/2018 2,038 |
| EDF Renewables | EDF Renewables 31/12/2019 1,612 | EDF Renewables 31/12/2018 1,677 |
| Edison | Edison 31/12/2019 1,319 | Edison 31/12/2018 1,262 |
| EDF Energy | EDF Energy 31/12/2019 912 | EDF Energy 31/12/2018 795 |
| Framatome | Framatome 31/12/2019 552 | Framatome 31/12/2018 517 |
| Other entities | Other entities 31/12/2019 873 | Other entities 31/12/2018 758 |
| TOTAL | TOTAL 31/12/2019 7,349 | TOTAL 31/12/2018 7,047 |
