French Power Utility Engie Pulls Out of U.S. LNG Deal
11/3/2020
PARIS (Reuters) - French gas and power utility Engie has pulled out of a major U.S. LNG import deal after government concerns about its environmental implications.
Late last month the French government had asked Engie to hold off from signing the deal with NextDecade Corp amid growing scrutiny of the effects of shale gas extraction methods such as fracking and their impact on climate change through methane emissions.
"Engie has decided not to pursue commercial negotiations with NextDecade about this gas supply project," an Engie spokeswoman said, confirming a report in French daily Le Monde.
The contract, estimated to be worth $7 billion was for the import of shale gas via a Texas-based terminal as part of a project called Rio Grande LNG.
Related News
Related News
Sign up to Receive Our Newsletter

- PG&E Reduces Emissions from Gas Pipelines by More Than 20%
- Trans Mountain Pipeline Expansion Project to Nearly Triple Current Capacity to 890,000 bpd
- Spain's Tecnicas Reunidas, FCC to Build LNG Terminal Worth $1.1 Billion in Germany
- Canada Offers $26 Billion Green Tax Credits But Still Trails Behind US Incentives
- Pipeline Operator TC Energy Says Keystone Oil Spill Caused by Fatigue Crack
- Pipeline Operator TC Energy Says Keystone Oil Spill Caused by Fatigue Crack
- Permian In Spotlight as Energy Dealmaking Gathers Steam
- Trans Mountain Pipeline Expansion Project to Nearly Triple Current Capacity to 890,000 bpd
- Colombia's Cano Limon-Covenas Pipeline Attacked for Ninth Time in 2023
- Chad Nationalizes Exxon’s 621-Mile Pipeline as Dispute Over Asset Sale Escalates
Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
Comments