Total sells stake in Dunkerque LNG terminal
Published by Callum O'Reilly,
Senior Editor
Tanks and Terminals,
Total has decided to enter into an agreement to sell its 9.99% stake in the Dunkerque LNG terminal, as a part of a broader sale process initiated by EDF (65.01%) earlier this year.
At the completion of the transactions two buyers, a consortium composed by Fluxys Europe B.V. (currently 25%), AXA Investment Managers and Crédit Agricole Assurances on one hand and another consortium composed of Samsung Securities Co. Ltd., IBK Securities Co. Ltd. and Hanwha Investment & Securities Co. Ltd on the other hand, will hold a 35.76% and 39.24%, respectively.
Closing is expected for 3Q18, once required regulatory approvals have been granted by the relevant authorities.
The Group will keep a regasification capacity right of approximately 1.5 million tpy.
Read the article online at: https://www.tanksterminals.com/storage-tanks/02072018/total-sells-stake-in-dunkerque-lng-terminal/
You might also like
Hydrocarbon Engineering Podcast
Peter Davidson, CEO of the Tank Storage Association (TSA), joins us to discuss the essential role that the tank storage sector has to play in ensuring supply security and resilience, as well as in facilitating the energy transition.
Woodside and Aramco sign collaboration agreement
Woodside Energy Ltd (Woodside) and Aramco entered into a non-binding collaboration agreement to explore global opportunities, including Aramco's potential acquisition of an equity interest in and LNG offtake from the Louisiana LNG project.