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GDF SUEZ GSZ - [ISIN FR0010208488]

Cours : 26,320 €   Variation : -0,62%
Marché : Euronext Paris (temps différé)
GDF Suez Loads 1st Liquid Natural Gas Cargo From Yemen
PARIS -(Dow Jones)- French utility and natural gas operator GDF Suez (GSZ.FR) Thursday said it loaded its first liquefied natural gas cargo from the Yemen LNG liquefaction plant located at Balhaf on the eastern coast of Yemen.
MAIN FACTS:
- This delivery ensues from the agreement signed in 2005 between GDF Suez and Yemen LNG for the purchase, over a period of 20 years, of 2.55 million tons of LNG per year, which accounts for approximately 40% of the total liquefaction output of Yemen LNG.
- This long-term contract reinforces GDF Suez' supply portfolio diversification and security, along with LNG coming from Algeria, Egypt, Nigeria, Norway and Trinidad and Tobago.
- This new source of LNG will enable GDF SUEZ to serve US, European and Asia-Pacific markets, thanks to its strategic location, East of Suez Canal.
- A significant part of these volumes will be sent to GDF SUEZ' regasification terminal of Everett in Boston, USA while the other part will offer the group new opportunities to expand its LNG business, including in Asian and emerging markets.
- The LNG volumes purchased from Yemen LNG will be shipped in the Group's own fleet of LNG carriers.
- This first cargo was loaded aboard the Maran Gas Coronis, a 145,700 cubic meter LNG carrier, which is currently heading towards Isle of Grain regasification terminal, UK where GDF SUEZ holds 25% of the regasification capacity.
Company Web site: www.gdfsuez.com
- By Paris Bureau, Dow Jones Newswires; +331-4017-1740; djnews.paris@dowjones.com
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Publié le 26 novembre 2009 Copyright © 2009 Dowjones

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