26 April 2024
Engie offloads upstream arm to shield itself from crude volatility
Publication date: 12 May 2017
Gas Strategies Group
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France’s Engie is stepping away from the upstream sector by striking a deal to sell its 70% stake in Exploration & Production International (EPI) to newcomer Neptune Energy.
The deal, expected to close in Q1 2018, allows Engie to sharpen its focus on low carbon energy in downstream and retail segments.