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French utility group Engie has completed the sale of its liquefied natural gas (LNG) division to Total SA, valued at $ 1.5 billion, according to Reuters
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According to the agreement, Total will pay up to 550 million additional dollars to Engie if the energy market situation improves during the year to come
Total Manager of Total, Patrick Pouyanne, announced that following the transaction, the company would have a global market share of 10%
The general manager of Engel, Isabelle Kocher, s & # 39; is engaged in a massive restructuring process including the sale of assets worth 15 billion euros and investments of 22 billion euros
Engie, France 's leading supplier of natural gas with 9, 6 million contracts, exceeds the 16 million euros of 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 to the 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.
On the Romanian market, Engie is present in three business sectors: natural gas, electricity and energy services environment.
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