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Paris, Ile-de-France, France, 2015/01/20 - GDF SUEZ LNG recorded on January 12th its 1000th LNG (Liquefied Natural Gas) truck loading in Europe at the Elengy terminal of Montoir-de-Bretagne on the western coast of France - GDFSUEZ.com. FR0010 208488
The GDF SUEZ LNG truck loading activity started in 2013 in Europe and ramped up progressively to reach this 1000th loading.
GDF SUEZ is operating LNG truck loadings in Europe from three terminals (Montoir-de-Bretagne and Fos Tonkin in France and Zeebrugge in Belgium) and from the Everett terminal in Boston, USA. The Group intends to extend its loading activity to the Isle of Grain terminal in the UK, starting in the summer 2015.
Philip Olivier, CEO of GDF SUEZ LNG said “GDF SUEZ has been active in the LNG business since 1965 and is still today at the edge of innovation and new development in a growing market for LNG. Retail LNG, that includes LNG bunkering and LNG transported to off-grid customers, is today a very promising perspective for the LNG industry in Europe to the benefit of our customers and of the environment.”
The LNG is sold at the terminal gate. After being loaded into the trucks, the LNG is transported to industrial customers that are not connected to the natural gas grid. The services offered by GDF SUEZ LNG include an optimization of the loading slots for the customers and price engineering solutions through GDF SUEZ Trading desk.
In Europe, more than 10 companies are currently using the GDF SUEZ loading services, among which LNGeneration and LNG Solutions, subsidiaries of the Group. LNGeneration sells LNG to off-grid customers in Europe and LNG Solutions markets LNG as a fuel and develops LNG filling stations infrastructures for trucks and bunkering facilities for ships in the Netherlands.
LNG is increasingly used as a cleaner, cheaper, and more silent fuel for trucks. It can also be used as a substitute to LPG or HFO, as an environmentally friendly marine fuel for ships delivered via bunkering vessels or trucks. In terms of particles emissions, the use of LNG offers a reduction of 95% compared to HFO.
GDF SUEZ is a global LNG player and the main LNG importer in Europe. GDF SUEZ has the third largest LNG supply portfolio in the world, supplied from six different countries, and representing 16 mtpa. It controls a large fleet of 14 LNG carriers under mid and long term charter agreements. The fleet is permanently optimized to satisfy GDF SUEZ long term commitments and short term opportunities. The Group has also a significant presence in regasification terminals around the world, including FSRU’s.
About GDF SUEZ
GDF SUEZ (gdfsuez.com) develops its businesses (power, natural gas, energy 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: independent power production, liquefied natural gas, renewable energy and energy efficiency services. GDF SUEZ employs 147,400 people worldwide and achieved revenues of €81.3 billion in 2013. The Group is listed on the Paris and Brussels stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).
Investors relations contact: T: +33(0)1 44 22 66 29 - E: ir[.]gdfsuez.com.