Restructured Engie launches global LNG business unit

Engie, formerly known as GDF Suez, has restructured into 24 market-based business units and five global industry-based business units that include a new, global LNG unit. The new structure took effect on January 1.

The France-based company says the restructuring positions it “to maintain a closer relationship” with its regions and its customers. It has also created a general management committee on which Pierre Chareyre is executive vice-president for global LNG and Sandra Lagumina executive vice-president for GTT.

Philip Oliver remains chief executive of Engie global LNG and Philippe Berterottiere chief executive of GTT.

“Faced with an evolving energy market, this transformation is intended to serve the development of our group and our position as the global leader of the energy transition,” said Engie chairman and chief executive Gérard Mestrallet.

“It will allow us to take on the many challenges of the energy market; decarbonisation of the energy mix, digitalisation of activities, decentralisation of energy production and development of energy efficiency.”

This year, Engie and its project partners NYK and Mitsubishi Corp take delivery of the 5,100mᶾ LNG bunker-supply vessel they have ordered for Zeebrugge’s Fluxys LNG terminal. The vessel will supply gas as marine fuel to LNG-powered vessels across the North Sea and Baltic, including two United European Car Carriers ro-ro vessels.