French power utility Engie pulls out of US LNG deal : The Tribune India

Join Whatsapp Channel

French power utility Engie pulls out of US LNG deal

The $7 billion deal was for the import of shale gas via a Texas-based terminal

French power utility Engie pulls out of US LNG deal

French government had last month asked Engie to hold off from signing the deal with NextDecade Corp. Representational Photo



Paris, November 3

French gas and power utility Engie has pulled out of a major US liquefied natural gas (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. Reuters


Top News

'If there is 0.001% negligence…': Supreme Court raps National Testing Agency over NEET-UG row

'Even if there is 0.001% negligence, it should be dealt with': Supreme Court tells NTA over NEET row

Top court says the NTA and Centre would file their responses...

US Congressional delegation arrives in Dharamsala for meeting with Dalai Lama

US Congressional delegation, Tibetans ‘target’ China on autonomy for Tibet

China reacted to the US visit to Dharamsala to meet Dalai La...

'18th Lok Sabha verdict extraordinary': PM Modi in 1st public remarks after forming government thrice

'18th Lok Sabha verdict extraordinary': PM Modi in 1st public remarks after forming government thrice

Modi says rarely has any incumbent government been voted bac...


Cities

View All