NewswireToday - /newswire/ -
Paris, France, 2012/04/12 - GDF SUEZ and GASNOR, a Norwegian LNG company, have concluded a long term agreement, according to which GDF SUEZ will supply GASNOR with 7.5 TWh of liquefied natural gas over a 12-year period, starting in 2013 - GASNOR.no / GDFSUEZ.com. FR0010 208488
The LNG volumes will be sourced from GDF SUEZ portfolio and will be loaded by trucks or by small vessels from Zeebrugge LNG terminal in Belgium. These new volumes will help GASNOR to fulfill its growing LNG supply needs in Europe outside Norway.
The small scale LNG industry should develop furthermore worldwide in the coming years. Market growth opportunities are expected in LNG as fuel for ships, and in retail LNG to supply small distribution customers or industrial companies by boat or by truck.
Eilef Stange, CEO of GASNOR said : "We are very pleased to sign this agreement with GDF SUEZ. The contract will allow GASNOR to meet increasing demand for LNG and open up the market for redistributing of LNG from one of the largest import terminals in Europe."
Jean-Marie Dauger, Executive Vice President of GDF SUEZ in charge of the Global Gas & LNG business line said : "This agreement with GASNOR is a milestone for the development of our activities in the small scale LNG market in Europe. With more than 250,000 trucks loaded in our Everett LNG terminal in New England since 1971, GDF SUEZ is already a player in this activity in the US and wishes to develop it also in Europe."
GASNOR is one of the leading small scale LNG players in Europe. GASNOR supplies regularly LNG to 30 ships, and operates 2 LNG carriers. GASNORs ambition is to be a leading supplier of LNG to the growing market for LNG as ship fuel in Europe.
GDF SUEZ is one of the leader for LNG market in the world and the main LNG importer in Europe. Its LNG portfolio of 16.5 MTPA is sourced from 6 countries. The Group operates a fleet of 17 LNG carriers and has a significant presence in regasification terminals around the world.
GASNOR AS (gasnor.no) is a pioneering company within distribution and sale of LNG. GASNOR has its own production facilities for LNG and has developed a concept for small-scale production and distribution of LNG. Revenue in 2011 was 115 million. Gasnor is owned by leading international oil companies.
Eilef Stange, CEO
E: eilef.stange[.]gasnor.no - T: +47 91861360
About GDF SUEZ
GDF SUEZ (gdfsuez.com) develops its businesses around a model based on responsible growth to take up todays major energy and environmental challenges: meeting energy needs, ensuring the security of supply, combating climate change and optimizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: liquefied natural gas, energy efficiency services, independent power production and environmental services. GDF SUEZ employs 218,900 people worldwide and achieved revenues of 90.7 billion in 2011. The Group is listed on the Brussels, Luxembourg and Paris stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone and ECPI Ethical Index EMU.
Investor relations contact:
T: +33(0)1 44 22 66 29 - E: ir[.]gdfsuez.com.