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GDF SUEZ SA
GDF SUEZ SA
12/21/2012 | Press release
Small scale LNG: GDF SUEZ takes positions in this high potential market with capacities in Zeebrugge LNG terminal
distributed by noodls on 12/21/2012 10:58
GDF SUEZ continues to develop its small scale liquefied natural gas (LNG) activities in North West Europe following the award by Fluxys of additional berthing and storage capacity long term rights at the Zeebrugge LNG terminal. GDF SUEZ will have access to these capacities after the completion of the second jetty being constructed by Fluxys (expected in 2015). Those capacities will enable GDF SUEZ to reload small LNG carriers, such as LNG feeders and LNG bunkering vessels that will supply LNG as marine fuel for shipping companies.
LNG as a fuel for ships will develop in the future in a context of increasing pressure on maritime regulatoryconstraints on particle emissions in North Europe, as well as on fuel oil prices. Worldwide potential could reach more than 30 MTPA by 2025. LNG offers financial advantages and has various environmental benefits compared to diesel: CO2 emissions are 15-20% lower, the particulate matter content is 95% lower, the emission of sulphur is reduced by 90% and of NOx by 80%. Also, noise pollution of engines running on LNG is limited.
GDF SUEZ is already developing small scale LNG activities in Europe. Earlier this year, GDF SUEZ and GASNOR signed an LNG sales agreement for the supply of 7.5 TWh over a 12 year period. LNG volumes will be loaded first by trucks, from January 2013. In parallel, the Group is involved in the supply of LNG as fuel for trucks business through its affiliates Electrabel in Belgium, GDF SUEZ LNG Solutions in the Netherlands, and GNVert in France.
GDF SUEZ is one of the global LNG leaders and has a significant presence in regasification terminals around the world. Its LNG portfolio of 16 MTPA is sourced from 6 countries. The Group operates a fleet of 17 LNG carriers. The Group is the main LNG importer in the Atlantic Basin and the 2nd operator of LNG import terminals in Europe. In Western Europe, GDF SUEZ has access to long term regasification capacities in Zeebrugge, Belgium, Isle of Grain, the United Kingdom, Montoir-de-Bretagne and Fos sur-Mer, France.
About GDF SUEZ
GDF SUEZ develops its businesses 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, 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 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.
