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Business

GDF Suez signs huge US LNG deal with Japanese firms

Published: 18 May 2013 - 05:02 am | Last Updated: 01 Feb 2022 - 02:07 pm

 

PARIS: French energy group GDF Suez has signed a joint-venture with US firm Sempra Energy and Japanese groups Mitsubishi and Mitsui relating to the construction of a huge liquefied natural gas factory in the US , it said yesterday.

The deputy managing director responsible for gas operations at GDF Suez, Jean-Marie Dauger, said that “the Cameron LNG project will enable the group to diversify and increase its LNG (liquefied natural gas) interests and also its flexibility in supplying existing and future markets in zones of strong growth.”

GDF Suez says that it is the biggest importer of LNG in Europe and the third biggest in the world, accounting for 16.0 million tonnes per year from six countries.

The company operates six tankers built to carry methane gas.

The development of LNG gas facilities generally, together with the boom in exploitation of shale gas in North America, are two big developments in global energy markets. 

The new LNG factory, built by Cameron LNG, a subsidiary of Sempra Energy, will be established on the site of the company’s terminal for the transportation of methane gas at Hackberry in Louisiana.

The plant will comprise three liquefaction lines capable of producing 12 million tonnes per year, and will be operated by Cameron LNG, said GDF Suez in a statement.

AFP