LFDE to supply gas to French town under deal with EDF's Dalkia

La Francaise de l Energie SA

13/07/2017 11:16

July 13 (Reuters) - Coal-bed methane producer La Francaise 
de l'Energie (LFDE)  LFDE.PA  said on Thursday it had signed a 
partnership with EDF  EDF.PA  unit Dalkia to supply gas to the 
northern French town of Bethune. 
    Gas from former coal mines in France's industrial north will 
replace the imported gas currently used in the town, in a first 
for LFDE. 
    The 22-year partnership comes into effect in 2021 and will 
represent annual revenue of more than 1 million euros for LFDE, 
the company said in a statement. 
    "It's small... but it's a start, and behind that there is 
the validation of their strategy to focus on local networks," 
said a Paris-based analyst, adding that the company would seek 
to sign further contracts with larger towns. 
    LFDE already injects gas into France's network under an 
agreement with Total Gas & Power and converts it into 
electricity which is sold under an agreement with EDF. 
 
 (Reporting by Alan Charlish; editing by Jason Neely) 
 ((alan.charlish@thomsonreuters.com; +48 58 772 1582;)) 
 
Keywords: FRANCAISE ENERGI GAS/