Energiser Investments Share Discussion Threads

[grupo guitarlumber] 19/3/2022 07:52

ENGIE is focused on delivering a progressively growing and sustainable dividend for shareholders. With the publication of 2021 Financial Results, the Board has reaffirmed the Group’s dividend policy with a payout ratio of 65-75% of net recurring income Group share, and a floor of €0.65 per share for the 2021 to 2023 period.
For 2021, the Board has proposed a payout ratio of 66%. This translates to a dividend of €0.85 per share, which will be proposed for shareholder approval at the Annual General Meeting on the 21 April 2022.


Dividend calendar for fiscal year 2021:

April 22, 2022: last day to acquire shares and benefit from the dividend
April 25, 2022: ex-dividend date
April 27, 2022: dividend payment date

[grupo] 18/3/2022 11:17

Engie Brasil acquires 260 MWp of solar farms at home
Solar PV plant in Brazil

March 18 (Renewables Now) - Brazilian energy company Engie Brasil Energia SA (BMVF:EGIE3) announced on Thursday that it has finalised the acquisition of two solar photovoltaic (PV) farms, with a combined capacity of 259.8 MWp in Brazil.

Engie Brasil bought the plants from Engie Solar SAS, Solairedirect Investment Management SA and Drankensberg Capital 1 SA for BRL 625 million (USD 122.6m/EUR 110.9m) in total. The buyer also took over a net debt of roughly BRL 620 million contracted with the Brazilian Development Bank (BNDES), according to the announcement.

The acquisition made Engie Brasil the owner of the 158.3-MWp Paracatu and the 101.5-MWp Floresta plants.

Paracatu has been in operation since February 2019 and benefits from a 20-year sales agreement for 34 average megawatts (MWa) of its output. The 101.5 MWp Floresta solar farm, operational since December 2017, has a 20-year contract for 25.1 MWa in place.

(BRL 1.0 = USD 0.196/EUR 0.177)

[waldron] 14/3/2022 09:54

(Boursier.com) — By letter to the AMF, the American The Capital Group Companies, Inc said it had crossed the threshold of 5% of the capital of the company Engie on March 7.

It now holds 117,733,578 Engie shares representing 121,552,319 voting rights, i.e. 4.83% of the company's capital and 3.82% of the voting rights.



This threshold crossing is the result of a sale of Engie shares on the market.

[florenceorbis] 12/3/2022 10:02

Cheniere and Engie to extend LNG supply deal
10 Mar 2022by Riviera News

Cheniere Energy’s subsidiary Corpus Christi Liquefaction (CCL) has agreed with Engie to amend the LNG sale and purchase agreement (SPA) entered into in June 2021


Under the SPA, Engie has agreed to purchase approximately 0.9 mta of LNG from CCL on a free-on-board basis for approximately 20 years. The purchase price for LNG under the SPA is indexed to the Henry Hub price, plus a fixed liquefaction fee.

“We are pleased to build upon the long-term agreement we signed in 2021 with Engie, one of Europe’s energy leaders in low-carbon solutions, to increase the volume and extend the term beyond 2040,” said Cheniere president and chief executive Jack Fusco.

“This SPA reflects the importance of a diverse and reliable long-term supply of natural gas for Europe and reinforces the value the LNG market places in Cheniere’s commitment to climate and sustainability initiatives. We look forward to continuing to supply Engie with flexible, cleaner burning LNG as part of our shared vision of a lower carbon future.”

The original deal was signed in June 2021 and began in September 2021. It was an 11-year agreement that covered Engie buying LNG between 0.4 to 1.2 mta from the Corpus Christi facility.

The South Texas based Corpus Christi Liquefaction facility currently houses three fully operational liquefaction units or ​trains producing approximately 5 mta of LNG.

Cheniere is planning to expand Corpus Christi Stage 3 consisting of up to seven midscale trains. Each of the trains will have a liquefaction capacity of approximately 1.49 mta.The US Energy Information Administration expect the nation to emerge as the largest exporter of natural gas by the end of the year.

Riviera Maritime Media will provide free technical and operational webinars in 2022.

[waldron] 09/3/2022 22:02

Engie to retrofit Mejillones coal plant in Chile to work with natural gas

Bnamericas Published: Wednesday, March 09, 2022

Natural Gas Generation Photovoltaic Coal Generation Bunker oil/Diesel oil

Chile’s environmental assessment service SEA has greenlit two large-scale energy projects totaling new investments of US$83mn.

The largest project was the US$50mn initiative by Engie Energía Chile to convert its US$1.1bn Mejillones coal-fired plant in northern Antofagasta region.

Mejillones came online as Chile was announcing plans to start decommissioning its coal-fired units aiming to remove coal from the power matrix by 2040. The project, conceived under different circumstances during the 2014 power supply tender, faced public criticism after its startup.

The project filed with SEA involves the conversion of the plant’s first unit (the second unit is yet to be finished) to take natural gas instead of coal, with diesel as a backup fuel. This would reduce the plant’s carbon emissions, Engie said.

In its filing, Engie said it planned to start work on the conversion in October 2023 and finish in mid-2025.

Meanwhile, the smaller initiative is the US$33mn Tamango solar plant in Chile’s center-south Maule region and which was filed for evaluation last August. The project is being proposed by Grenergy and will have installed capacity of 40MW.

The new park seeks to connect to Chile’s national system at the Paso Hondo substation. Construction is expected to start in June 2022 and operations eight months later, according to the project’s environmental filing.

[waldron] 07/3/2022 08:01

Engie: without Russian gas, the price shock will be unprecedented

07/03/2022

Catherine MacGregor, CEO of Engie, is preparing for the possibility of a total cut in Russian gas imports.


In an interview with "Les Echos", she explains that the resulting "unprecedented price shock" would require the intervention of the public authorities to "cap prices" and "limit demand".

[misca2] 06/3/2022 18:35

Shell, TotalEnergies, Engie Among High Bidders in New York Bight Offshore Wind Auction

By Morgan Evans

March 6, 2022


The Department of Interior announced last week the winning companies of the New York Bight offshore wind lease sale, with Bight Wind Holdings LLC, a joint venture (JV) between RWE Renewables and National Grid, securing the largest lease with a $1.1 billion bid.

[adrian j boris] 02/3/2022 08:04

Vincent Ayral from JP Morgan retains his positive opinion on the stock with a Buy rating. The target price remains set at EUR 19.50.

[waldron] 01/3/2022 09:22

TotalEnergies Held Talks With French Government on Russia Assets

James Herron and Vidya Root, Bloomberg News


(Bloomberg) -- TotalEnergies SE has held talks with the French government over its continuing operations in Russia, after BP Plc and Shell Plc announced they would exit the country.

The French government has been discussing the issue and TotalEnergies Chief Executive Officer Patrick Pouyanne is “perfectly aware of the gravity of the situation,” French Finance Minister Bruno Le Maire said in an interview on CNews Television on Tuesday. “It is a question of principle.”

A decision on the company’s operations in Russia will be taken over the coming days, Le Maire said. The government has also held talks with Engie SA over its links with the country, but that situation is “a little different,” he said.

TotalEnergies didn’t immediately respond to a request for comment.

In just two days, some of Europe’s largest energy companies dumped tens of billions of dollars of Russian investments that they had nurtured over decades and shut themselves out of the world’s largest energy exporter, probably forever.

Shell’s move to exit a stake in the Sakhalin-2 LNG project, an investment that dates back to the Yeltsin era, follows BP Plc’s announcement on Sunday that it will walk away from a holding in Russia’s state oil producer, Rosneft PJSC. The moves by the British companies -- and from Norway’s Equinor ASA -- show just how far Western powers are willing to go to punish President Vladimir Putin for his invasion of Ukraine.

Their decisions put pressure on remaining foreign investors, including Exxon Mobil Corp. and TotalEnergies, to follow suit as Russia’s war in Ukraine forces a dramatic rupture with the global economy.

TotalEnergies has operations in Russia representing around $1.5 billion of its total cash flow, or around 5%. It owns roughly a fifth of gas producer Novatek as well as a large interest in the Yamal LNG project, Russia’s biggest producer of liquefied natural gas. It also has a 10% in the future Arctic LNG 2 development.

Engie’s main Russian connection is a stake in the Nord Stream gas pipeline, and a loan it provided to Nord Stream 2, a project that has already been suspended by the German authorities.

[grupo guitarlumber] 25/2/2022 10:19

Upcoming events on ENGIE

March/09/2022 | 08:15am ACI Gasification Summit

April/21/2022 Annual General Meeting

April/25/2022 Ex-dividend day for extraordinary dividend

[florenceorbis] 25/2/2022 10:08

[France] ENGIE (ENGI)

Real-time Quote. Real-time Euronext Paris - 02/25 05:06:46 am

14.15 EUR +3.16%

[florenceorbis] 25/2/2022 10:06

Valuation: always discounted

investir.fr | The 24/02/22 at 19:58 | Updated on 24/02/22 at 20:09

Summary

Engie: ever more assertive ambitions in decarbonised energies

Industry Analysis: More and More Diverse Competitors

Valuation: always discounted

Engie had returned to its prices of two years ago at the beginning of the week, taking advantage since autumn 2021 of the renewed interest in discounted securities (the share is trading below its net assets of €15.19, at the end of 2021) and the surge in energy prices.

The group posted its best net profit since 2010 last year, while the publication of detailed forecasts to 2024 was appreciated by analysts.

Between the transformation of Engie, the gradual loss of revenues from nuclear power and the Russian-Ukrainian tensions, which influence the price of gas and electricity, any improvement in visibility is good

[waldron] 25/2/2022 08:07

Natural Gas World


GTT bags tank design order from Hyundai Samho

Feb 25, 2022 6:56:am

Summary

The French company will design tanks for two new LNG carriers on behalf of an African shipowner.

by: Shardul Sharma


French GTT has received an order from the Korean shipyard Hyundai Samho Heavy Industries for the tank design of two new LNG carriers on behalf of an African shipowner, it said on February 24.

As part of this order, GTT will design the tanks of the vessels which will offer a cargo capacity of 174,000 m3. The LNG carrier tanks will be fitted with the GTT Mark III Flex membrane containment system.

The vessels are scheduled for delivery in the first quarter of 2025.

[waldron] 24/2/2022 11:30

Engie's Saudi projects win big at Middle East Energy Awards
RIYADH, 0 hours, 25 minutes ago
Global low-carbon energy company Engie has won the ‘Utility Project of the Year’ at the Middle East Energy Awards 2021, for its independent water projects (IWP) – Jubail 3B and Ar Rayyis (Yanbu-4) – located in the Kingdom of Saudi Arabia.

The Middle East Energy Awards celebrate the energy projects, initiatives, individuals and the companies that have changed the way we use energy in the Middle East. In addition, it recognizes the leading achievements within oil and gas, refining and petrochemicals and utilities in the region.

It is given to the most innovative project disrupting the region’s utilities landscape, which offers hope for a better, more sustainable future.

The Jubail 3B project was awarded by Saudi Water Partnership Company (SWPC) as a build, own, operate (BOO) contract under the public-private partnership (PPP) structure. Once commercially operational in February 2024, the plant will produce 570,000 cu m/day of potable water through reverse osmosis technology to supply the cities of Riyadh and Qassim.

The plant will include in-house renewable solar energy capacity of 61 MW to reduce electricity grid consumption throughout the desalination process and storage capacity for one operational day. The project seeks to achieve a 90% Saudization rate all along the 25 years of operations and will create both direct and indirect jobs.

The Ar Rayyis (Yanbu-4) project was also awarded by SWPC as a BOO contract and is expected to be operational in the last quarter of 2023.

The Ar Rayyis IWP plant is the first renewable integrated seawater reverse osmosis project in Saudi Arabia that includes storage facilities for two operational days and is the first water pipeline in the country developed under the PPP structure.

Set to achieve one of the most competitive power consumption levels in the kingdom, the plant will have a capacity of 450,000 cu m/day. Built at a cost of SR3.1 billion and set to contribute SR1.5 billion to GDP, the plant will create approximately 500 direct and indirect jobs opportunities during construction and operation.

On the award wins, SWPC Chief Executive Officer Khalid Al Quraishi said: "This award is recognition that Saudi Arabia remains at the forefront of innovation in the global energy sector. With the support of Engie, we are demonstrating to the world our leadership in the renewable energy sector and climate action."

"Jubail 3B and Ar Rayyis (Yanbu-4) are success stories of how future utility projects can achieve our energy objectives while meeting vital net-zero carbon objectives," he stated.

On the big win, Engie Saudi CEO Turki Alshehri said: "We are delighted to be recognized for our ongoing efforts to utilize innovative technologies for our independent water plants in the kingdom. This milestone serves as testament to our approach of supporting the Saudi's vision to reach Net Zero by 2060 through a Carbon Circular Economy approach."

"Our projects, Jubail 3B and Ar Rayyis (Yanbu-4) demonstrate that the strategic use of renewable energy and that the transition to circular economy is not only achievable but beneficial for both the global environment and local communities. I would like to congratulate everyone involved that has made these projects possible," he added.-TradeArabia News Service

[ariane] 23/2/2022 15:25

Germany blocks €9.5bn Nord Stream 2 pipeline amid Russia-Ukraine crisis

Oil & GasMidstreamPipeline

By NS Energy Staff Writer 23 Feb 2022

In a blow to the Russia-owned underwater gas pipeline project, German Chancellor Olaf Scholz suspended its certification process after Moscow announced recognition of the independence of Donetsk and Luhansk in eastern Ukraine


Germany has moved ahead to block the €9.5bn Nord Stream 2 pipeline amid the growing military tensions between Russia and Ukraine.

In a blow to the gas pipeline project, German Chancellor Olaf Scholz has suspended its certification process after Moscow announced recognition of the independence of Donetsk and Luhansk in eastern Ukraine.

Construction on the 1,230km Nord Stream 2 pipeline between Russia and Germany through the Baltic Sea was completed in September 2021. However, its operations could not begin due to pending certification by Germany and the European Union (EU).

Last November, the Federal Network Agency (BNetzA), which is the German energy regulator, had suspended certification of the pipeline. At that time, the regulator stated that the pipeline operating company Nord Stream 2 did not comply with German law in properly incorporating a subsidiary.

Last month, Nord Stream 2 founded a German subsidiary called Gas for Europe to own and operate the 54km section of the Nord Stream 2 Pipeline built in the German territorial waters and the landfall facility in Lubmin.

Nord Stream 2 is owned by Gazprom international projects, a subsidiary of Russian energy company Gazprom.

With the Ukraine crisis deepening, the White House issued a statement that US President Joe Biden has worked with Germany to make sure that the Nord Stream 2 pipeline will not proceed.

US Secretary of State Antony Blinken tweeted: “We welcome Germany’s action today to halt certification of Nord Stream 2. We will continue close consultation with Germany and our other Allies and partners on the next steps in response to Russian aggression.”

The underwater gas pipeline is designed to deliver 55 billion cubic metres (bcm) of Russian natural gas to the European Union. It traverses through the waters of Russia, Finland, Sweden, Denmark, and Germany.

The Nord Stream 2 pipeline was slated to begin operations by the end of 2021. Once operational, the pipeline would supply enough volume to meet the gas requirements of 26 million households across Europe.

Russian Deputy Chair of the Security Council Dmitry Medvedev tweeted: “German Chancellor Olaf Scholz has issued an order to halt the process of certifying the Nord Stream 2 gas pipeline. Well. Welcome to the brave new world where Europeans are very soon going to pay €2.000 for 1.000 cubic meters of natural gas!”

[ariane] 23/2/2022 08:39

EU: halt to Nord Stream 2 would not affect energy supply

Europe’s energy supply would not be affected if the Nord Stream 2 gas pipeline designed to bring Russian gas to Germany was halted, since the pipeline is not yet operating, the European Commission has said.

“Nord Stream 2 is not yet functioning, is not supplying energy to Europe. It’s not a different source of energy, it’s a different pipeline for an existing supplier… There’s no change in the current situation,” a Commission spokesperson told a press briefing.

German Chancellor Olaf Scholz has halted the certification of the pipeline for the time being after Russia formally recognised two breakaway regions in eastern Ukraine.

Nord Stream 2 is designed to double the amount of gas flowing from Russia straight to Germany, bypassing traditional transit nation Ukraine, on the bed of the Baltic Sea.

Russia currently supplies around 40% of Europe’s gas.

Concerns about supply disruptions amid escalating tensions over Ukraine have led the EU to seek alternative supplies of gas in recent months, from countries including the United States, Qatar, Azerbaijan, Nigeria, Japan and South Korea.

European LNG imports hit a record high in January.

However, the Commission has said its models suggest the EU could cope with a partial disruption to Russian gas supply this winter, pointing to current storage levels and countries’ contingency plans for supply shocks.

The EU plans to limit its reliance on fossil fuel imports over the next decade and beyond, by shifting to renewable energy and using less energy.

To meet its 2030 climate change target, the EU expects to reduce its natural gas consumption by more than 25% compared with 2015 levels.

Follow us on twitter: @risksEmerging

[grupo guitarlumber] 22/2/2022 17:29

Are the lights about to go out across Europe?

Forget Nord Stream 2, it's existing supply that's the real headache

22 February 2022, 5:40pm



Today’s snap decision by German Chancellor Olaf Scholz to halt Nord Stream 2 — the new pipeline intended to export vast amounts of Russian gas into the EU — will make precisely no difference to European energy security, at least in the short to medium term. It could force a rethink of Berlin’s longer-term energy strategy, but the bigger question facing energy markets is whether Russia will curtail existing gas flows into Europe.

Scholz on Tuesday instructed Germany’s Federal Ministry for Economic Affairs and Climate Action not to allow the Baltic Sea pipeline to start pumping gas 'for now'. Halting the certification process puts the project on hold but doesn’t cancel it altogether, leaving the door ajar to future certification. This might give Berlin some leverage in any future talks with Russia, but that will be for another day; events are moving fast on the ground in eastern Ukraine, where Russian troops are reportedly closing in on the Donbas region after the Kremlin recognised the 'independence' of Ukraine’s Donetsk and Luhansk breakaway territories.

Shelving Nord Stream 2 is politically significant for Scholz, who only this month declined to cancel it when pressed during a joint meeting with Joe Biden. The US President pledged to 'bring an end' to the project, but Scholz became coy, saying only that Germany is 'ready with the necessary sanctions if there is a military aggression against Ukraine'. That time has come and the European Commission is reportedly preparing retaliatory sanctions against Moscow.

The fate of Nord Stream 2 is, for now at least, irrelevant. Energy markets had already priced in the non-availability of the extra Russian gas after Germany delayed the project in November. That delay is now indeterminate, drawing a line under the endless handwringing over the project.

The irony is that European capitals have been tearing themselves apart over Nord Stream 2 for years — all the while keeping the lights on using Russian gas flowing through Nord Stream 1. The first pipeline, which follows an almost identical route to the now-shelved expansion, is running at almost full capacity to fulfil Gazprom’s contracts with its European customers. So the argument that Germany should halt Nord Stream 2 to avoid relying on Russian gas is moot; the country, and its prized manufacturing sector, cannot function today without it.

The big question facing Germany is whether Moscow’s bellicose escalation will lead to a disruption in gas flows along Russia’s existing gas export pipeline routes rather than future ones. Gazprom roiled EU wholesale energy markets by declining to send extra ‘top-up’ supplies last autumn, causing prices to skyrocket and gyrate wildly. Gazprom is not obliged to send extra gas, but EU gas markets have grown accustomed to receiving it when prices rise.

This is highly unusual behaviour when there are obscene profits to be made from capitalising on red-hot markets. As a result, gas futures contracts are still trading on EU hubs at wildly inflated prices.

Record-high gas prices prompted an almighty tug-of-war between Europe and Asia for spare cargoes of liquefied natural gas (LNG), which are delivered to the highest bidder. Asia always wins this battle and gets first dibs on spot LNG — bought at the current market rate — until its storage capacity is full. Only when European gas hub prices rise above the Asian LNG spot price do tankers switch course and head for the UK and European terminals.

That switch happened briefly in December 2021 and an armada of LNG cargoes arrived at European ports a few weeks later. EU terminals are now unloading and regasifying LNG at a record pace, meaning there is not much spare capacity to accommodate more LNG if it is needed. Moreover, Germany doesn’t even have any LNG import terminals of its own and must pipe the gas in from other European ports.

This is what makes Russian gas flows along the Nord Stream 1 pipeline so critical: if these are cut off, infrastructure constraints mean shipped in gas cannot fill the gap. There is also not much spare LNG floating around the global market, and EU efforts to cajole international allies to send more volumes have not been all that successful.

Besides, LNG tankers take several weeks to complete their trans-oceanic voyages — so if Russia turns off the gas taps, the lights could literally go out across much of Germany and eastern and southern Europe. The ensuing price spikes in EU energy markets would make December’s record volatility look positively tame by comparison.

All of this is taking place as Germany progressively cuts off its own access to other forms of energy, such as nuclear. The country closed three reactors at the end of 2021 and will shut down its last atomic power plants this year. The new government in Berlin also wants to accelerate the closure of Germany’s coal-fired power stations to 2030, which many observers see as impossibly ambitious.

With nuclear and coal on their way out and big question marks now hanging over the reliability of Russian gas, Germany is facing serious problems when it comes to balancing the grid and keeping homes warm. Kicking Nord Stream 2 into the long grass only makes those questions more pressing.

The EU climate agenda envisages a rapid fall in Europ gas consumption, be it from Russia or anywhere else. But renewable alternatives will take time to scale up. Quite what happens in the interim will have a huge bearing on European industrial competitiveness, jobs, inflation and the ballooning cost of living for many millions of hard-pressed consumers.

Written bySeb Kennedy