December 04, 2016 6:11 PM ET

Multi-Utilities

Company Overview of ENGIE SA

Company Overview

ENGIE SA engages in power, natural gas, and energy services businesses. The company operates through North America, Latin America, Africa/Asia, Benelux, France, Europe excluding France & Benelux, Infrastructures Europe, GEM & LNG, E&P, and Other segments. It engages in the generation and sale of power through nuclear, thermal, coal-fired, and renewable energy sources; and seawater desalination activities, as well as offers engineering services in the areas of energy, hydraulics, and infrastructure. The company also provides energy sales and services for buildings and industry, cities and regions, and major infrastructures, as well as to individual and professional customers; and operates nat...

Tour T1 – 1 place Samuel de Champlain

Faubourg de l’Arche

Cedex

Paris,  92930

France

Founded in 1880

154,950 Employees

Phone:

33 1 44 22 00 00

Key Executives for ENGIE SA

Chief Executive Officer and Director
Age: 50
Total Annual Compensation: €1.5M
Compensation as of Fiscal Year 2015.

ENGIE SA Key Developments

ENGIE Renegotiates Long-Term Supply Contract with Statoil

ENGIE said that it renegotiated its long-term supply contract with natural gas suppliers to the European market. ENGIE said it reached a deal with Statoil on long-term gas supply contracts. The French company said the rearrangement better reflects current market rates and, while providing few specifics, the "profound evolution" in the European natural gas arena.

ENGIE and AES Andres Leverage Strengths to Provide Reliable and Competitive LNG Supply in the Caribbean

ENGIE and AES Andres DR, S.A. have agreed to enter into a binding joint marketing agreement for liquefied natural gas (LNG), effective immediately for a period of up to 12 years. The partnership will combine ENGIE and AES’ strengths to foster growth in LNG and natural gas sales in the Caribbean. ENGIE and AES Andres will jointly market 0.7 million tonnes per annum (mtpa) of LNG. The objective is to provide a cleaner and more cost-effective alternative to oil-fueled power generation, while satisfying a growing need for natural gas in the region. The agreement will pave the way to supply industrial customers and develop small scale demand. Under the agreement, ENGIE will manage its commitment to deliver up to 0.7 mtpa from its diversified LNG portfolio, primarily via its supply from the Cameron gas liquefaction project in the U.S., expected to come on line in 2018. AES Andres will provide access to its regasification asset in the Dominican Republic, which has an annual capacity of approximately 1.5 mtpa.

Engie Secures Brazil Rooftop Solar Deal

The Brazilian unit of French energy group Engie has secured a contract with local utility Celesc to install 1,000 rooftop solar PV systems. The BRL 10.9 million deal calls for the installation of 2.6MW of capacity in the southern state of Santa Catarina, according to an Engie Brasil statement. An additional BRL 6.7 million will be paid to Engie by clients that acquire the systems, the cost of which will be partially subsidized by Celesc.

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