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Engie reviewing LNG activities

Published by
Hydrocarbon Engineering,

Engie has issued a statement confirming that it has launched a strategic review of its upstream and midstream LNG activities (liquefaction, transport and international trading of LNG).

Meanwhile, the company’s downstream LNG activities, such as regasification and LNG ex-terminal sales, will not form part of the review.

Engie’s statement read: “At this stage, there can be no certainty as to whether the discussions with the counterparties, including Total, will lead to any agreement.

Any agreement would have to be approved by the relevant governance bodies and the relevant employee representative bodies would have to be consulted.”

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Downstream news