French gas grid operator GRTgaz says winter outlook good but LNG crucial back-up in very cold spells
GRTgaz, the French natural gas grid operator and parent company of the LNG terminals operator, said the nation was well prepared with full storage to meet gas demands during the coming winter, provided minimum LNG supplies are maintained in the event of an exceptional cold spell.
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 Montoir LNG terminal adjusts deadlines for capacity offer due to high interest level
The French Atlantic Coast Montoir-de-Bretagne LNG import terminal said its call for capacity subscriptions currently ongoing will enter its final binding phase in October 2019.
