nimis69 Business Diversification Props Technip Energies Technip Energies N.V. (OTCPK:THNPY) is an engineering and technology company that deals in LNG, downstream, offshore, and sustainable energy transformation. In Q3, the company’s Project Delivery segment had a setback after it exited the Arctic LNG 2 project. Nonetheless, its legacy LNG and ethylene business remain firm with steady deliverables. Recently, the company has proactively diversified in clean hydrogen, decarbonization, and other energy transition revenue streams. Its energy transition commercial pipeline has expanded by 50% since 2021, keeping with the latest ESG trend. However, uncertainty over the Ukraine-Russia conflict has affected natural gas and LNG prices. So, in the short term, its LNG business can see limited growth or a decline. However, I expect engineering services activity in the Middle East and the…
Technip Energies: Clean Energy Solutions And A Bold Balance Sheet (OTCMKTS:THNPY)
