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GDF Suez, Mitsubishi, and NYK Sign Agreement Related to LNG Bunkering

GDF Suez, Mitsubishi Corp., and Nippon Yusen Kaisha (NYK) signed a framework agreement related to the development of an LNG bunkering vessel and an LNG bunkering supply contract between GDF Suez and United European Car Carriers.  Under the agreement, NYK will operate an LNG bunkering vessel to be built in South Korea and delivered by 2016.  The LNG bunkering vessel will transport LNG...

GDF Suez and Santos Terminate Floating LNG Project

On Thursday, GDF Suez SA and Santos Ltd. announced that they have terminated their plans for a floating LNG project.  The multibillion dollar Bonaparte LNG project was intended to use new technology to liquefy natural gas from a vessel at sea.  Santos and Suez stated that the project no longer complied with the companies’ commercial needs and that they would consider alternative...

GDF Suez and CPC of Taiwan Enter Into Heads of Agreement for Cameron LNG Volumes

GDF Suez (GDF) announced that it has entered into a Heads of Agreement with CPC Corporation of Taiwan (CPC) for GDF to sell 800,000 tons per year of LNG to CPC over a 20-year period from the proposed Cameron LNG terminal near Hackberry, La. beginning...

GDF SUEZ and Cameron LNG Sign Commercial Development Agreement

GDF SUEZ and Cameron LNG, a subsidiary of Sempra Energy, have signed a commercial development agreement regarding the Cameron LNG liquefaction project, whereby GDF SUEZ and Sempra Energy will negotiate a 20-year liquefaction service contract for 4 million tons per annum of LNG.   Read more in the GDF SUEZ and Sempra Energy press...

GDF Suez and China Investment Corp. Close Deal for Equity Stake in Atlantic LNG, Other Assets

GDF Suez and the China Investment Corp. (CIC) have closed a deal whereby CIC will acquire GDF Suez’s 10% equity stake in the Atlantic LNG liquefaction facility in Trinidad and Tobago. According to a GDF Suez spokesperson, the deal also includes the transfer of production payments for Atlantic LNG’s trains 2, 3, and 4, for a total value of 600 million Euros. Platts LNG Daily...

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