French utility Engie with LNG and network units in France sees 20 percent drop in profitability
Engie, the French power and energy company with LNG and gas network businesses and an international portfolio, posted a 20 percent drop in cash flow from operations, a good measure of profitability, to 4 billion euros ($4.4Bln) in the nine months to September from 5Bln euros ($5.5Bln) in the same period of 2018.
French utility Engie and Quebec fund pay $8.6Bln for Brazilian natural gas network
French utility Engie, the parent company of France's network operator and LNG terminals owner, said its US$8.6 billion joint bid with a Canadian fund won the competitive tender conducted by Brazilian energy company Petrobras for the sale of the South American nation’s largest gas transmission network.
French utility and LNG player Engie takes $4Bln hit and says only bright spot was cold winter
Engie, the French energy, utility and LNG trading and importing company, narrowed its net losses to 415 million euros ($437M) for 2016, though it took a massive hit of over $4 billion for impairments in the power market and one-off items as it restructured in the commodities downturn.
French energy group Engie names Didier Holleaux as head of LNG and gas divisions
French energy group Engie has named Didier Holleaux as the new executive head of its LNG import terminals subsidiary as well as France’s main natural gas distribution, transmission and storage companies.
