|By PR Newswire||
|February 12, 2014 06:22 AM EST||
HOUSTON, Feb. 12, 2014 /PRNewswire/ -- Cameron LNG, one of the most advanced U.S. LNG export projects, promoted by GDF SUEZ as a shareholder and a capacity holder, has just reached a decisive step with the conditional non-Free Trade Agreement (FTA) approval from the U.S. Department of Energy (DOE). The Non-FTA authorization will enable GDF SUEZ to export LNG from the Cameron LNG project in Louisiana into countries that have not signed a FTA with the USA. The project already received the FTA approval in January 2012. The two approvals will enable GDF SUEZ to sell the LNG produced by the Cameron plant to a much wider range of partners around the world.
The Final Investment Decision (FID) of the Cameron liquefaction project is expected to be taken this year.
Gerard Mestrallet, Chairman and CEO of GDF SUEZ, said: "The decision of the DOE to grant non-FTA approval opens a major opportunity for GDF SUEZ to further develop long-term LNG sales in a fast-growing global market. Cameron LNG will open new horizons for U.S. gas production that is dramatically boosted by the shale gas revolution and will strengthen GDF SUEZ's position in the LNG world market."
The completion of the environmental impact assessment by the Federal Energy Regulatory Commission (FERC) is expected in the coming weeks as the last gate before FID.
GDF SUEZ and Cameron LNG project:
In May 2013, GDF SUEZ concluded a Joint Venture Agreement with Sempra, Mitsubishi and Mitsui to develop the Cameron LNG Project. Under these agreements GDF SUEZ will hold a stake of 16.6% in the Project and will have a long-term liquefaction capacity of 4 million tons per annum (mtpa), which will enhance the Group's LNG portfolio. The facility should be commercially operational in 2018.
GDF SUEZ is a global LNG player and the main LNG importer in Europe. Today, with 16 mtpa, GDF SUEZ has the third largest LNG supply portfolio in the world, supplied from six different countries. It controls a large fleet of 14 LNG carriers under mid and long-term charter agreements. The fleet is permanently optimized to satisfy GDF SUEZ long-term commitments and short term opportunities. The Group has also a significant presence in regasification terminals around the world.
About GDF SUEZ
GDF SUEZ develops its businesses (power, natural gas, energy services) 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, fighting against climate change and maximizing 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: independent power production, liquefied natural gas, renewable energy and energy efficiency services.GDF SUEZ employs 138,200 people worldwide and achieved revenues of €82 billion in 2012. The Group is listed on the Paris, Brussels and Luxembourg stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).
SOURCE GDF SUEZ
Sep. 27, 2016 11:34 AM EDT
Sep. 27, 2016 11:30 AM EDT Reads: 2,952
Sep. 27, 2016 11:15 AM EDT Reads: 947
Sep. 27, 2016 11:00 AM EDT Reads: 1,625
Sep. 27, 2016 11:00 AM EDT Reads: 3,746
Sep. 27, 2016 11:00 AM EDT Reads: 2,685
Sep. 27, 2016 11:00 AM EDT Reads: 1,587
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...
Sep. 27, 2016 10:45 AM EDT Reads: 3,400
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Sep. 27, 2016 10:30 AM EDT Reads: 2,185
SYS-CON Events announced today that CDS Global Cloud, an Infrastructure as a Service provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. CDS Global Cloud is an IaaS (Infrastructure as a Service) provider specializing in solutions for e-commerce, internet gaming, online education and other internet applications. With a growing number of data centers and network points around the world, ...
Sep. 27, 2016 10:30 AM EDT Reads: 2,850
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Sep. 27, 2016 10:30 AM EDT Reads: 4,520
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Sep. 27, 2016 10:15 AM EDT Reads: 3,151
Sep. 27, 2016 10:00 AM EDT Reads: 2,299
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
Sep. 27, 2016 10:00 AM EDT Reads: 2,177
Big Data has been changing the world. IoT fuels the further transformation recently. How are Big Data and IoT related? In his session at @BigDataExpo, Tony Shan, a renowned visionary and thought leader, will explore the interplay of Big Data and IoT. He will anatomize Big Data and IoT separately in terms of what, which, why, where, when, who, how and how much. He will then analyze the relationship between IoT and Big Data, specifically the drilldown of how the 4Vs of Big Data (Volume, Variety,...
Sep. 27, 2016 10:00 AM EDT Reads: 1,038