French oil major Total SA (TOT) will invest alongside Electricite de France SA (EDF.FR) in a liquefied natural gas terminal in Dunkirk, contributing 10% of the EUR1.5 billion investment, Chief Executive Christophe de Margerie said Tuesday.
French oil major Total SA (TOT) will invest alongside Electricite de
France SA (EDF.FR) in a liquefied natural gas terminal in Dunkirk, contributing
10% of the EUR1.5 billion investment, Chief Executive Christophe de Margerie
said Tuesday.
Total's CEO made the comment to reporters as he left a round table event here
on
France
's
energy policy.
Total attracted much ire in the
Dunkirk
region recently, after deciding to transform its
Flanders
refinery into a storage unit. The company has sought to reduce its refining
operations in
Europe
amid weak market
fundamentals.
Earlier Tuesday, EDF confirmed its plan to invest in the Dunkirk LNG terminal.
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