GDF SUEZ concludes its first LNG sale in Thailand
On the 24th of June, GDF SUEZ delivered its first cargo of liquefied natural gas (LNG) to PTT in Thailand. During the World Gas Conference in Kuala Lumpur, Malaysia, early June, GDF SUEZ has reached an agreement with PTT Public Company Limited, the national oil and gas company of Thailand, to supply PTT with 3 LNG cargoes in 2012.
The cargoes, sourced from GDF SUEZ’ LNG portfolio, will be delivered to the Map Ta Phut LNG terminal. These new LNG volumes will allow PTT to fulfill Thailand’s growing natural gas needs as well as to secure a new energy source for the country.
GDF SUEZ considers Asia as a core development region for its LNG business, with strong growth prospects and new supply potential. The Group already concluded 5 short and medium term agreements in the region. From 2010 to 2016, GDF SUEZ is planning to deliver a total of about 8.4 million tonnes to KOGAS, CNOOC, Petronas, Petronet and PTT.
Jean-Marie Dauger, Executive Vice President of GDF SUEZ, in charge of the Global Gas & LNG business line said “This agreement with PTT confirmed our successful global strategy in LNG: to be a major LNG player in the Atlantic Basin as well as a reliable supplier in the Asia Pacific Basin. Our LNG portfolio is permanently optimized and allows us to develop new markets”
GDF SUEZ is one of the leading LNG players in the world. The Group has a diversified portfolio of LNG supplies from 6 countries, representing 16.5 MTPA. It operates a fleet of 17 LNG carriers and has a significant presence in regasification terminals around the world. To extend its LNG portfolio in the Asia Pacific Basin, GDF SUEZ is developing Bonaparte LNG, a floating production storage and offloading (FPSO) unit, located off the coast of Australia, with a 2 MTPA capacity.
GDF SUEZ is already present in Thailand with extensive activities. GDF SUEZ owns 69% in Glow Energy, the largest private independent power producer of Thailand, and also owns 40% in PTT NGD, a joint-venture with PTT to develop and operate a gas distribution network in the greater Bangkok area.
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, Luxembourg 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.