NewswireToday - /newswire/ -
Paris, France, 2012/05/03 - GDF SUEZ announces the signature of a commercial development agreement with Cameron LNG, a unit of Sempra Energy, regarding the natural gas liquefaction project of Cameron LNG in the United States - GDFSUEZ.com. FR0010 208488
This facility will be located at the site of its existing import terminal located in Hackberry, Louisiana. Through this commercial development agreement, GDF SUEZ and Sempra will negotiate a 20 year liquefaction service contract for 4 million tons per annum (MTPA) of liquefied natural gas (LNG).
The LNG plant will have 3 liquefaction trains with a production and export capacity of 12 MTPA and will be operated by Cameron LNG. This new LNG plant is expected to start full operations in late 2016.
Jean-Marie Dauger, Executive Vice-President of GDF SUEZ in charge of the Global Gas & LNG business line commented: “Accessing new LNG volumes from United States will contribute to grow and further diversify GDF SUEZ LNG portfolio and is consistent with its leadership in the LNG sector. This new LNG supply source will reinforce the flexibility and the security of supply of GDF SUEZ’ natural gas portfolio. It will be a step further toward satisfying the LNG import requirements in our current markets, especially in Europe, and will also support the development of new international markets for GDF SUEZ”.
Sempra Energy operates two LNG regasification terminals in North America (Energia Costa Azul near Ensenada in Mexico and Cameron LNG in the US).
GDF SUEZ is one of the leading LNG players in the world and the main LNG importer in Europe. Its LNG portfolio of 16.5 MTPA, sourced from 6 countries, is the third largest in the world. It operates a fleet of 17 LNG carriers and has a significant presence in regasification terminals globally.
About GDF SUEZ
GDF SUEZ (gdfsuez.com) develops its businesses (electricity, natural gas, services) around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing 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 Paris, Brussels and Luxembourg 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.