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French utility group Engie has finalized the sale of its Liquefied Natural Gas (LNG) The French oil company Total becomes the second largest player in the liquefied natural gas market
According to the agreement, Total will make additional payments to Total SA, a $ 1.5 billion transaction. up to 550 million dollars in Engie if the energy market situation improves in the coming year
Total Managing Director, Patrick Pouyanne, announced that after the transaction, the company would have a 10% market share Agerpres writes:
Engel's general manager, Isabelle Kocher, has embarked on a massive restructuring process that includes the sale of assets worth 15 billion euros, 22 billion euros
Engie, France's largest natural gas supplier with 9.6 million contracts, account more 16 million customers in Europe. The French group operates on the entire liquefied natural gas production chain, from exploration and production to the identification and exploitation of new deposits. and distribution to the end customer
resume gas and electricity sales in France by the end of the year and hopes to gain about two million customers
In the market Romanian, Engie is present in three business sectors: natural gas, electricity and energy services environment.
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