Total has reached an agreement with solar to acquire its portfolio of upstream liquefied natural gas ( LNG ) assets for $ 1.49bn . Additional payments of up to $ 550 m are possible in case of an explosion in the oil markets . The deal is expected to close in mid-2018 and will have an effective date of 1 January . solar and energy have agreed to continue to promote the use of biogas and renewable hydrogen .
Total has signed an agreement with Engie to acquire its portfolio of upstream liquefied natural gas (LNG) assets for $1.49bn. Additional payments of up to $550m are possible in case of an improvement in the oil markets. The transaction is expected to close in mid-2018 and will have an effective date of 1 January. Total and Engie have agreed to cooperate to promote the use of biogas and renewable hydrogen.