{"id":637168,"date":"2017-11-09T04:04:27","date_gmt":"2017-11-09T04:04:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/total-acquires-engies-5-stake-in-idku-lng-train-as-part-of-larger-transaction\/"},"modified":"2017-11-09T04:04:27","modified_gmt":"2017-11-09T04:04:27","slug":"total-acquires-engies-5-stake-in-idku-lng-train-as-part-of-larger-transaction","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/total-acquires-engies-5-stake-in-idku-lng-train-as-part-of-larger-transaction\/","title":{"rendered":"Total acquires Engie\u2019s 5% stake in Idku LNG train as part of larger transaction"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>M&A WATCH- Total has acquired Engie\u2019s 5% stake in the first train of the Idku LNG<\/strong><strong>project in Egypt<\/strong> as part of a larger transaction worth up to USD 2 bn that also includes other assets in the United States, Africa and Europe, <a href=\"http:\/\/www.businesswire.com\/news\/home\/20171108006224\/en\/Total-S.A.-UK-Regulatory-Announcement-Total-Acquires\">the company said in a statement overnight<\/a>. The transaction, which should close by the middle of next year, will see Total manage a total global LNG volume of nearly 40 mn tons per annum.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- Total has acquired Engie\u2019s 5% stake in the first train of the Idku LNGproject in Egypt as part of a larger transaction worth up to USD 2 bn that also includes other assets in the United States, Africa and Europe, the company said in a statement overnight. The transaction, which should close by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-637168","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f24bd04b-8b1d-41d9-9e4b-c111f272bb82","order":"0","is_powered_by":true,"section_story_id":"735de172-cd55-4fc1-9476-0a7eb9a019bf","story_type":"1","photo_url":"","photo_position":"above","related_issue":[637159],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Total acquires Engie\u2019s 5% stake in Idku LNG train as part of larger transaction - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/total-acquires-engies-5-stake-in-idku-lng-train-as-part-of-larger-transaction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Total acquires Engie\u2019s 5% stake in Idku LNG train as part of larger transaction\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- Total has acquired Engie\u2019s 5% stake in the first train of the Idku LNGproject in Egypt as part of a larger transaction worth up to USD 2 bn that also includes other assets in the United States, Africa and Europe, the company said in a statement overnight. 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Israel\u2019s Delek Drilling is considering acquiring a stake in Egypt\u2019s Idku or Damietta LNG facilities as part of its plans to \u201cbroaden its export footprint,\u201d the company said in its annual report yesterday, according to Bloomberg. 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