France

French energy giant looks to capitalize on India's LNG market

A Total oil refinery in Dunkirk in 2010.
A Total oil refinery in Dunkirk in 2010. Photo: Andia/Universal Images Group via Getty Images

Total SA is acquiring a 37% stake in the Indian gas distribution firm Adani Gas as the French energy giant looks to capitalize on rising LNG demand in the world's second-most populous nation.

Why it matters: The roughly $600 million deal announced Monday will give Total "a footprint in a market where annual LNG demand will hit 28 million tons by 2023, making it the fourth biggest importer of the fuel," Bloomberg reports. Total is already the world's second-largest LNG player.

Expert Voices

After Trump-Zelensky scandal, Ukraine pressed to reset Western ties

Zelensky in front of a wall-mounted UN logo
Zelensky at the 74th Session of the United Nations General Assembly. Photo: Timothy A. Clary/AFP/Getty Images

Ukraine's president, political neophyte Volodymyr Zelensky, appears out of his depth after just 4 months in office, as his relations with President Trump have put him front and center in a political scandal rocking the U.S. and rippling across the globe.

Why it matters: Given the deep challenges facing Ukraine and Zelensky, Ukraine can hardly afford strained relations with the U.S. and European partners. Weakened Western ties would complicate efforts around democratic progress, economic growth and national security — particularly in pushing back against the malign influence of Vladimir Putin's Russia.