LNG

French utility and LNG market participant Engie reported a more than 60 percent surge in revenues, though real net income plunged and the company said it was going ahead with an arbitration procedure against Russia’s Gazprom.

Engie of France, whose widespread operations include utilities, gas networks and a liquefied natural gas business, has named Catherine MacGregor as its new Chief Executive after she had previously been lined up to head the LNG engineering spin-off from TechnipFMC.

GRTgaz, the French natural gas network operator and owner of LNG import terminals, has issued a report on gas flows and imports and exports during the Covid-19 crisis and the evolution of consumption and demand as gas-fired power stations begin to restart.