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.
 

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