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Industry Brief

GDF Suezhas struck an agreement to deliver 800,000 tons per year of liquefied natural gas (LNG) to Taiwan’s state-owned oil and gas company, CPC Corp., from the Cameron LNG terminal in Cameron Parish, LA. The deliveries are to be for a 20-year period starting in 2018. GDF Suez is a partner in the export project along with Sempra Energy, Mitsubishi and Mitsui. They have received conditional approval from the U.S. Department of Energy for export to non-free trade agreement countries (see Daily GPI, Feb. 11) and partial approval from the Federal Energy Regulatory Commission for facilities construction (see Daily GPI, Jan. 10). Sempra has said the project is on track for completion in 2018 (see Daily GPI, March 5). GDF Suez wants to "deepen its role" in the Asia-Pacific region, the company said. GDF Suez is the main LNG importer in Europe and has the third largest LNG supply portfolio in the world, supplied from six different countries, and representing 16 million tons per year. It controls a fleet of 14 LNG carriers under mid- and long-term charters.

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