French utility and LNG terminal owner Engie says go-ahead given for further cost rise in imported natural gas
France’s Commission de Régulation de l'Energie (CRE) has given the go-ahead for a further increase in the cost of imported natural gas, leading to an immediate jump in regulated domestic sales tariffs as costs rise for utilities all over Europe.
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.
French gas network operators are confident they have sufficient winter storage and LNG
French natural gas network operators, GRTgaz and Terega, are confident they have lined up sufficient underground storage and supplies of LNG to ensure the smooth operation of the nation’s gas system throughout the winter.
LNG and pipeline importer France is on track for single natural gas market from November
The French Val de Saone pipeline allowing the supply of additional natural gas supplies from the North to the South of France will be fully operational by November and provide the final part in the creation of a single French gas trading market.
