Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Paris  >  ENGIE    ENGI   FR0010208488

ENGIE (ENGI)
Mes dernières consult.
Most popular
  Report  
Real-time Quote. Real-time Tradegate - 07/17 07:32:54 pm
13.41 EUR   +0.07%
04:59pENGIE : Total closes the acquisition of Engie's Upstream LNG Busines..
AQ
04:58pENGIE : Appointments
AQ
07/13ENGIE : Appointments
PU
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Engie : Total to acquire Engies upstream and midstream LNG assets for $1.5bn

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/10/2017 | 03:17pm CEST

Oil giant Total has signed an agreement to acquire French utility Engies upstream and midstream LNG assets in the US, for $1.49bn.

Under the terms of the deal, Total will acquire 16.6% stake in the Cameron LNG liquefaction plant with 3 trains currently under construction in Louisiana, US as well as 5% stake in the first train of the Idku LNG project in Egypt.

The firm said it will also acquire a portfolio of long-term LNG purchase and sale contracts, which would boost its overall portfolio to 28 million tons per annum (MTPA) by 2020.

Additionally, Total will acquire access to regasification capacities of 14 MTPA in Europe as well as a fleet of 10 LNG tankers.

Total said that it would pay an additional $550m to Engie, a unit of GDF Suez, based on future oil market developments.

Total chairman and CEO Patrick Pouyann said: The acquisition of Engies upstream LNG business enables Total to accelerate the implementation of its strategy to integrate along the full gas value chain, in an LNG market growing strongly at 5% to 6% per year.

The combination of these two complementary portfolios will allow the Group to manage an overall volume of around 40 million tons of LNG per year by 2020, making Total the second largest global player among the majors with a worldwide market share of 10%.

With the equity stake in the Cameron LNG project, Total will also become an integrated player in the US LNG market, where the Group is already a gas producer.

The sale is part of Engies strategy to reduce its exposure to commodity prices and move away from upstream oil and gas activities.

Engie CEO Isabelle Kocher said: Engie is nonetheless accelerating its development in its LNG downstream activities, notably in the regasification domain and the supply of LNG to its end customers.

Scheduled to be completed in 2018, the transaction is subject to approvals by the relevant regulatory authorities, among others.

Separately, Engie has signed an agreement to become Total`s preferred green gases supplier.

(c) 2017 CNEgypt. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ENGIE
04:59pENGIE : Total closes the acquisition of Engie's Upstream LNG Business and Become..
AQ
04:58pENGIE : Appointments
AQ
02:24pENGIE : Total completes acquisition of Engie`s global upstream LNG business
AQ
07/16ENGIE : A Russian Gas Pipeline Now Feels the Political Heat
AQ
07/15TOTAL : Closes Acquisition of Engie’s Upstream LNG Business & Becomes Worl..
AQ
07/15ENGIE : A Russian gas pipeline now feels the political heat
AQ
07/14TOTAL : buys Engie's upstream LNG business for $1.5 billion
AQ
07/14ENGIE : Total becomes a global leader in LNG
AQ
07/14ENGIE : Earthmoving work
AQ
07/14ENGIE : Appointments
AQ
More news
News from SeekingAlpha
06/2725 'Safer' Dividend Utilities Show Positive Returns And Cash To Boot 
03/02Of 97 Utilities, 27 'Safer' Dividend Payers Were Chasing Pattern Energy's Per.. 
02/22EUROSTOXX 50 DAILY : Lower Values After Disappointing PMI Data 
01/30Of 91 Utilities, 24 Pay 'Safer' Dividends To January 2019 
2017FOCUS ON EUROPE : Will Marine Le Pen Become France's Next President? 
Financials (€)
Sales 2018 63 399 M
EBIT 2018 5 406 M
Net income 2018 2 453 M
Debt 2018 22 107 M
Yield 2018 5,56%
P/E ratio 2018 13,15
P/E ratio 2019 12,06
EV / Sales 2018 0,87x
EV / Sales 2019 0,88x
Capitalization 32 937 M
Chart ENGIE
Duration : Period :
ENGIE Technical Analysis Chart | ENGI | FR0010208488 | 4-Traders
Technical analysis trends ENGIE
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 15,5 €
Spread / Average Target 16%
EPS Revisions
Managers
NameTitle
Isabelle Kocher Chief Executive Officer & Director
Jean-Pierre Clamadieu Chairman
Didier Holleaux Chief Operating Officer
Judith Hartmann Chief Financial Officer & Executive Vice President
Yves Le Gélard Chief Information & Digital Officer
Sector and Competitors
1st jan.Capitalization (M$)
ENGIE-6.52%38 590
ELECTRICITÉ DE FRANCE16.99%43 134
NATIONAL GRID PLC-3.44%38 088
SEMPRA ENERGY8.97%30 775
ORSTED21.91%27 204
E.ON6.04%24 760