Engie: completes sale of LNG upstream assets to Total

(CercleFinance.com) - Total today announces that it has completed the acquisition of Engie's upstream LNG (liquefied natural gas) portfolio of assets for an enterprise value of 1.
5 billion dollars.

Price supplements of up to 550 million dollars, may be paid by Total, in the event the oil markets improve in the coming years.

This portfolio includes interests in liquefaction plants (including the Cameron LNG project in the US), long-term LNG purchase and sale contracts, a fleet of LNG tankers, and rights of way at regasification terminals in Europe.



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