France stalls Engie’s U.S. LNG deal

By Adnan Bajic Concerns over environmental implications have prompted the French government to step in and delay Engie’s LNG supply deal.

Courtesy of Engie

Namely, the power major, Engie is close to signing a multi-billion dollar deal for U.S. liquefied natural gas with NextDecade. However, Reuters reports, the government asked the deal to be held off.

The deal with NextDecade would go in favor of the U.S. exporter reaching a final investment decision on its proposed Rio Grande LNG facility in Texas.

However, the French economy ministry requested the deal to be looked over due to concerns over emission levels at U.S. gas producers.

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