Brexit: The Clock Is Ticking and Little Has Been Achieved in Energy

Energy Expert

Thierry Bros, PhD

Thematic (Sector/Industry)

France Energy / Thematic (Sector/Industry)

<p><a href="https://www.smartkarma.com/entities/812" target="_blank" data-smartkarma-citation="entities:812:1">Total Sa (FP FP)</a> signed <a href="https://www.total.com/en/media/news/press-releases/total-acquires-engie-s-upstream-lng-business-and-becomes-the-second-largest-global-lng-player" target="_blank">an agreement</a> with <a href="https://www.smartkarma.com/entities/21449" target="_blank" data-smartkarma-citation="entities:21449:1">Engie SA (ENGI FP)</a> to acquire its liquefied natural gas (LNG) assets for an overall enterprise value of $1.49bn. This portfolio includes participating interests in liquefaction plants, notably the interest in the Cameron LNG project in the US, long term LNG sales and purchase agreements, an LNG tanker fleet as well as access to regasification capacities in Europe. Additional payments of up to $550m could be payable in case of an improvement in the oil…</p>

Total Sa (FP FP) signed an agreement with Engie SA (ENGI FP) to acquire its liquefied natural gas (LNG) assets for an overall enterprise value of $1.49bn. This portfolio includes participating interests in liquefaction plants, notably the interest in the Cameron LNG project in the US, long term LNG sales and purchase agreements, an LNG tanker fleet as well as access to regasification capacities in Europe. Additional payments of up to $550m could be payable in case of an improvement in the oil…

Total Acquires Engie's LNG to Become #2 Player in a Growing LNG Business Where Optionality Is Key