Advert

Engie is not considering selling its LNG activities

French gas and power group Engie is not considering selling its liquefied natural gas (LNG) activities, chief executive Isabelle Kocher told Reuters yesterday.

On Monday, the firm’s CGT union said Engie was considering the future of its LNG business, which could leadto a reorganisation and maybe a sale.

“No, gas really is part of our activities... Shipping gas to countries which today are relying on coal and which want to switch to gas, that is at the heart of our business,” she told Reuters at a Le Monde newspaper seminar.

She added that the company was being forced to adjust to lower market prices.

“We are working on our supply chain because prices have fallen and therefore earnings are under pressure,” she said.

Advert

See our Comments Policy Comments are submitted under the express understanding and condition that the editor may, and is authorised to, disclose any/all of the above personal information to any person or entity requesting the information for the purposes of legal action on grounds that such person or entity is aggrieved by any comment so submitted. Please allow some time for your comment to be moderated.

Comments not loading? We recommend using Google Chrome or Mozilla Firefox with javascript turned on.
Comments powered by Disqus  
Advert
Advert