Total Closes the acquisition of Engie’s Upstream LNG Business And Becomes World #2 LNG Player

Total acquires two gas power plants in France and strengthens in electricity generation

Paris – Total announces the closing of the acquisition of Engie’s portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.5 billion.  Additional payments of up to $ 550 million could be payable by Total in case of an improvement in the oil markets in the coming years.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *