(Adds new CEO comment, context on price rally)
PARIS, Sept 29 The chief executive of French gas
and power group Engie said on Thursday that higher
oil prices improved prospects for the sale of its exploration
and production assets, but that the company would hold out for
the right price.
"What is important for us is not how quickly we sell the
assets, but the best window of opportunity, which means we could
wait a while," Isabelle Kocher told reporters.
Kocher told Reuters last week that Engie would exit from oil
and gas exploration and stop burning coal, but dismissed
comments by the CGT union that it was considering selling its
liquefied natural gas (LNG) activities.
Kocher said Engie was "looking at various scenarios to
divest the assets", but did not give further details.
Earlier this year, sources told Reuters French oil company
Total had held talks to buy all or part of its
domestic rival's exploration and production assets. Engie
rejected the offers, saying they were too low, two sources said
at the time.
Oil prices soared more than 6 percent to trade above $48 on
Wednesday on news of the first agreement by the Organization of
the Petroleum Exporting Countries to limit its production since
Goldman Sachs forecast the deal to curb output could add $7
to $10 to oil prices in the first half of next year.
(Reporting by Bate Felix; writing by Richard Lough; Editing by