Total acquires Engie’s 5% stake in Idku LNG train as part of larger deal

LNG Plant Idku

Total has acquired Engie’s 5% stake in the first train of the Idku LNG project in Egypt as part of a larger transaction worth up to USD 2 billion that also includes other assets in the United States, Africa and Europe, the company said in a statement overnight. The transaction, which should close by the middle of next year, will see Total manage a total global LNG volume of nearly 40 million tons per annum.

(Source: Enterprise.press)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s