GDF Suez to sell LNG to Asia

GDF Suez has announced an agreement for the sale of LNG under a long-term contract with CPC Corporation of Taiwan (CPC).

Cameron LNG

Under the contract, GDF Suez will supply 800 000 tpa of LNG to CPC over a period of 20 years, commencing in 2018. The LNG will be sources from the Cameron LNG plant in the US.

The Cameron LNG export project has received conditional approvals from the US Department of Energy (DOE) and partial agreement from the Federal Energy Regulatory Commission (FERC) to export LNG.

Comments

“This sales agreement, the first of its kind, will contribute to export natural gas - including shale gas - produced in the US - to the global LNG market and will contribute to diversification and security of energy supply. It will also be a part of GDF Suez ambition to deepen its role into the Asia-Pacific region and to expand long term supply into a region where LNG demand for the future is high. We are pleased to be among the first movers in the export of shale gas from the US and to enter into a long term relationship with CPC and to contribute to the security of energy supply also in Asia,” commented Jean-Marie Dauger, Executive VP, in charge of Global Gas & LNG business line.

Adapted from press release by Katie Woodward

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/28032014/gdf_suez_to_supply_lng_to_asia_355/