Total now full-fledged player in French gas market

Total SA has become a full-fledged player in France's deregulated natural gas market. The kick-off came Oct. 18 with the termination of long-standing contracts between Total and Gaz de France and the separation of their cross-holdings in two jointly held French gas transmission and supply subsidiaries—Gaz du Sud-Ouest, now wholly owned by Total, and Compagnie Française du Méthane, now fully owned by GDF.Yves-Louis Darricarrère, Total's executive vice-president, gas and power, told a recent press conference that the group was aiming for a 15-20% share of France's industrial and commercial market by 2010, up from its current 10% share.This part of the market...

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