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BRIEF-Engie and Statoil reach agreement on renegotiation of their long-term gas supply contracts
December 2, 2016 / 8:30 AM / a year ago

BRIEF-Engie and Statoil reach agreement on renegotiation of their long-term gas supply contracts

Dec 2 (Reuters) - Engie Sa

* France’s Engie and Norwegia’s Statoil have reached an agreement on renegotiation of their long-term gas supply contracts

* Engie says agreement consists in a modernization of historical contracts to adapt them to the evolution of European natural gas markets

* Engie says gas supply contracts with Statoil represent a total volume of 7.5 billion cubic meters per year or about 20 percent of the company’s portfolio of long-term gas contracts that can supply France. Further company coverage: (Reporting by Mathieu Rosemain)

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