Oil and natural gas major Total SA became the second largest global liquefied natural gas (LNG) player on Friday with the completion of its acquisition of Engie SA’s portfolio of upstream LNG assets valued at $1.5 billion, the French company said.
Articles from Engie
The advance guard of the natural gas revolution in Central America is in place, led by AES Panama SRL and Engie SA in Panama with El Salvador’s Energia del Pacifico Ltda de CV (EDP) waiting in the wings.
Natural gas has never made much of a mark in Central America, but in September the fuel will open a new frontier when a combined-cycle generation plant comes onstream, officials of AES Corp.’s AES Panama told NGI.
In an unusual twist, a cargo of liquefied natural gas (LNG) that originated in Russia is being unloaded from a French ship in the Boston area, even as the Trump administration tightens sanctions against Russia for its actions in neighboring Ukraine.
France’s Total SA is joining the ranks of the biggest liquefied natural gas (LNG) operators in the world after agreeing Wednesday to buy Engie’s portfolio in a transaction worth up to $2 billion.
Turkey saw the inauguration of its first floating storage regasification unit (FSRU) liquefied natural gas (LNG) terminal last Friday.