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French Power Company Drops U.S. LNG Deal

French power company Engie SA has halted negotiations on a multibillion-dollar contract to import U.S. liquefied natural gas, raising alarms in the American energy industry that environmental concerns could limit the foreign market for the fuel.
Engie didn’t provide details about the proposed LNG deal with NextDecade Corp., which was reportedly a $7 billion, 20-year contract, or the reason it canceled talks with the Houston-based exporter.
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