Engie sells British shale gas interests to petrochemicals firm Ineos

11-Mar-17

French energy company Engie has sold its British shale gas interests to petrochemicals firm Ineos for an undisclosed sum. Engie was one of the first big energy companies to back Britain's nascent shale gas industry when it bought parts of Dart Energy's licenses, a company since then taken over by IGas, in 2013. The deal builds on Ineos' position as Britain's largest shale gas company as it now has access to a shale gas area of more than 1.2 million acres.