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On July 13, French oil and gas company Total said it had completed a $1.
5 billion acquisition of Engie's upstream LNG business, making it the second-largest supplier
to the global LNG market.
Total completes $1.
5 billion acquisition of Engie's upstream LNG business
Under the agreement, Total said it would pay Engie an additional $550 million
if the oil market improved in the coming year.
Total CEO Patrick Pouyanne said in a statement that the deal would bring the company's global LNG market share to 10 percent
.
Pouyanne said the deal will allow the group to manage a total LNG portfolio of about 40 million mt per year through 2020 and increase its share of the U.
S.
market and hold a 16.
6 percent stake
in the Engie Cameron LNG project.
，
On July 13, French oil and gas company Total said it had completed a $1.
5 billion acquisition of Engie's upstream LNG business, making it the second-largest supplier
to the global LNG market.
Total completes $1.
5 billion acquisition of Engie's upstream LNG business
5 billion acquisition of Engie's upstream LNG business
Under the agreement, Total said it would pay Engie an additional $550 million
if the oil market improved in the coming year.
Total CEO Patrick Pouyanne said in a statement that the deal would bring the company's global LNG market share to 10 percent
.
Pouyanne said the deal will allow the group to manage a total LNG portfolio of about 40 million mt per year through 2020 and increase its share of the U.
S.
market and hold a 16.
6 percent stake
in the Engie Cameron LNG project.
，
