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Engie in talks over possible LNG gas unit sale to Total

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LNG Industry,


Reuters reports that French utility Engie is in talks over the possible sale of its LNG division to Total.

La Lettre de l‘Expansion said a deal could be reached in the coming weeks.

Officials at Engie and Total have not yet commented.

Engie Chief Executive Isabelle Kocher is in the midst of a restructuring plan that includes €15 billion euros (US$17.7 billion) worth of asset sales and €22 billion of investment.

Total has said it will start retailing gas and power in France by the end of this year and aims to win about two million customers.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/23102017/engie-in-talks-over-possible-lng-gas-unit-sale-to-total/

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