Nat Gas News – November 9, 2017

Nat Gas News – November 9, 2017

Trump Team Plans $250 Billion in Deals From China Visit

Bloomberg reported: The White House expects to announce upwards of $250 billion in business deals in China this week, an administration official said — exactly the sort of U.S. jobs-based diplomacy that President Donald Trump likes to deliver when traveling abroad. Commerce Secretary Wilbur Ross boasted of that number in a meeting with chief executives in China on Wednesday, but offered few details, according to two people who attended the meeting. A U.S. official confirmed the amount. Earlier in the day, Ross announced $9 billion in deals involving about 20 companies, with energy and industrial businesses featured prominently. They included industrial giants such as DowDuPont Inc, Honeywell International Inc., General Electric Co. and Bell Helicopter. Many of the agreements involved existing Chinese partners. “Addressing the imbalance in China trade has been the central focus of collaborative discussions between President Trump and President Xi,” Ross said before a signing ceremony in Beijing. “Achieving fair and reciprocal treatment for the companies is a shared objective.” For more information visit bloomberg.com or click https://bloom.bg/2zJOZgM

RPT-France’s Total Buys Engie’s LNG Assets for $1.5 Billion

Reuters reported: PARIS, Nov 8 (Reuters) – French oil and gas major Total said on Wednesday it has reached an agreement to buy the liquefied natural gas (LNG) assets of energy group Engie in a deal worth $1.5 billion. Total said the portfolio includes all of Engie’s LNG trading and liquefaction assets, which will enable it become one of the world’s top LNG players with a 10 percent market share from 6 percent currently, making it second behind rival Shell. Additional payments of up to $550 million could be payable by Total in case of an improvement in the oil markets in the coming years, it said. The companies confirmed in October that they were in talks over Engie’s global liquefied natural gas (LNG) assets. For more visit af.reuters.com or click http://bit.ly/2zHcaYQ

 

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