LNG

March 8 (LNGJ) - Engie, the French utility that has been disposing of LNG and other assets, posted annual group net income from continuing operations of 1.42 billion euros ($1.75Bln), including one-time gains, compared with losses of 415 million euros in 2016. “This improvement takes into account lower impairment losses, gains on the disposal of the thermal merchant power plant assets in the United States, Poland and the United Kingdom, as well as on the disposal of a non-consolidated interest in Petronet LNG in India,” said Engie. The company’s net debts were at the equivalent of $28 billion. In November 2017, Engie also signed a sales agreement with Total for its upstream and midstream LNG activities and this was expected to close in several months.