EDF Sells Stake Dunkirk LNG Terminal

Laxman Pai
Sunday, November 4, 2018

European electric utility company Électricité de France (EDF) group has sold its stake in the Dunkirk  liquefied natural gas (LNG) terminal, after obtained the requisite regulatory approvals.

According to a press release from the  integrated energy company the modalities set out in the press release published on 29 June remain unchanged, the transaction having been made on the basis of an average enterprise value of EUR2.4 billion for the Dunkerque LNG company.

The disposal will contribute to the reduction of the EDF Group’s net financial debt, by EUR1.5 billion.

With the transaction, the Group has now realised EUR9.6 billion of its targeted EUR10 billion asset disposal plan. The objective of finalising the plan by the end of 2018 is confirmed.

A key player in energy transition, the EDF Group is an integrated electricity company, active in all areas of the business: generation, transmission, distribution, energy supply and trading, energy services.

A global leader in low-carbon energies, the Group has developed a diversified generation mix based on nuclear power, hydropower, new renewable energies and thermal energy.

The Group is involved in supplying energy and services to approximately 35.1 million customers, of which 26.5 million in France. The Group generated consolidated sales of €70 billion in 2017. EDF is listed on the Paris Stock Exchange.

Categories: LNG Legal Mergers & Acquisitions

Related Stories

Murphy Oil Appraisal Well Boosts Resource Outlook at Field off Vietnam

Jereh Group Delivers Oil Separation Systems for Petrobras’ FPSO Units

Low Demand, High Supply Keeps Asia LNG Spot Prices Flat

Yinson Production Cuts First Steel for Vietnam-Bound FSO

CNOOC Launches New Offshore Oil Development in Southern China

Fugro Nets Mubadala Energy’s Deepwater Gas Job in Asia

Japan’s JERA Signs First Long-Term LNG Deal with India’s Torrent Power

Aramco Expands US Partnerships with $30B in New Deals

MDL Secures Cable Laying Job in Asia Pacific

POSH Set to Tow Nguya FLNG from China to Eni’s Congo Field

Current News

Vantris Energy Lands Petronas Job on Malaysia’s Offshore Fields

Murphy Oil Appraisal Well Boosts Resource Outlook at Field off Vietnam

Viridien Kicks Off Multi-Client Reimaging Program off Malaysia

Petrovietnam Agrees First-Ever LNG Term Deal with Shell

ADNOC Takes FID on SARB Deep Gas Project Offshore Abu Dhabi

Jereh Group Delivers Oil Separation Systems for Petrobras’ FPSO Units

Offshore Rig Outlook: As 2025 Challenges Fade, Path Ahead Brightens

Offshore Energy and Boosting the Energy Efficiency of Water Processes

Low Demand, High Supply Keeps Asia LNG Spot Prices Flat

Following Big Loss in 2025, Oil Steadies

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com