Suez Sa News

Global LNG Bunkering market is expected to grow from $248.64 million in 2016 to reach $8187.35 million by 2023 with a CAGR of 64.7%. According to Stratistics MRC, growing marine logistic business, cost efficient LNG products, and imposing environmental regulations on chemical emissions are some of the factors bolstering the market growth. In addition, easy deployment facility is another factor fuelling the market growth. However, higher capital investments, poor bunkering infrastructure are the factors inhibiting the market growth. Offshore Support Vessels (OSVs) segment is anticipated to be the largest market for the global LNG Bunkering market during the forecast period. The growth is attributed to feasible operations during shipping and loading.

As weak demand in India forces it to stall some contracted supply, GAIL India Ltd (GAIL) is in talks with Russia's Gazprom to delay and renegotiate a 20-year gas purchase deal undercut by low spot prices, reports Reuters. GAIL  and Gazprom had earlier signed a deal for two decades at a price linked to oil, adding to contracts to buy the fuel from GDF Suez SA and Gas Natural Fenosa this year. Accordingly, GAIL will buy 2.5 million tonnes (3.5 billion cubic metres) a year of liquefied natural gas from Russia’s monopoly gas exporter starting in 2018 and 2019. Shipments under the deal are linked to crude oil prices which are rising while gas prices are expected to stay subdued for longer as major new production plants in Australia and the United States start up.

Transparency Market Research (TMR) have given a detailed insights and analysis of the global market for LNG bunkering fuel in its recently published market research report. On the basis of capacity, the market, which had a valuation of mere 70 kilo tons in 2013, is projected to expand at an astounding 63.6% CAGR between 2014 and 2025 and reach 22,540 kilo tons by 2025. The report includes an analysis of market’s historical statistics to present an overview of the growth trajectory exhibited by the global LNG bunkering market over the past few years and forecasts the course the market is likely to adopt over the report’s forecast period.

Gaztransport & Technigaz S.A. (GTT) announces that H&F Luxembourg 1 S.à.r.l., an affiliate of Hellman & Friedman, has completed the sale of its remaining holding in the share capital of GTT in a private placement to institutional investors. Hellman & Friedman acquired its stake in GTT in 2008 and became a shareholder alongside Total S.A. and GDF Suez S.A. In February 2014, GTT completed its successful initial public offering (IPO), representing a market capitalization of EUR 1.7 billion. Patrick Healy, Managing Director and Deputy CEO of Hellman & Friedman said, "The sale of our remaining stake in GTT brings a conclusion to H&F's partnership with GTT starting with our investment in 2008 and the highly successful IPO in February 2014.

GDF Suez SA, operator of Europe’s largest natural-gas network, is reportedly studying a plan to sell shares or a minority stake in its oil and gas production business, according  to a recent Bloomberg report. According to Bloomberg, which cited “three people with knowledge of the situation,” GDF Suez may soon hire an investment bank to manage an IPO or help find a buyer for the stake. The news agency sought comment from the company, but a company spokesperson reportedly declined comment. GDF Suez is operator of the North Sea Gjoea field, estimated to hold 82 million barrels of oil and condensate and 40 billion cubic meters of gas. GDF holds a 30 percent stake, Statoil ASA 20 percent, Petoro AS 30 percent, Royal Dutch Shell Plc 12 percent and RWE AG 8 percent.  (www.bloomberg.com)

Two ships carrying liquefied natural gas are bound for the LNG terminal in , according Bloomberg News. Suez SA's Suez Matthew is due in and is carrying 126,540 liquefied 4.47m cubic ft. of gas, the data show. The ship has a 65,674-ton capacity and most recently docked in , . Teekay Corp.'s Catalunya Spirit is due in on Aug. 3 and most recently sailed from . The ship is carrying 138,188 cubic meters of liquefied gas and has a capacity of 77,204 tons. Source:  Bloomberg

Total SA said it had signed an agreement with China National Offshore Oil Corp for the sale of liquefied natural gas to China. Under a heads of agreement, up to 1 million tons of LNG will be delivered to CNOOC annually starting in 2010, Total said. The gas will be sourced from Total's global LNG portfolio, based on its participation in over 10 liquefaction projects worldwide, and on its trading activities. A heads of agreement (HoA) is a non-binding document which provides the basis for further discussion and the drawing up of a fully-termed deal. CNOOC, which leads China's fast-growing LNG market, had in 2006 signed several framework contracts to buy spot LNG from foreign firms including Total and Suez SA in a bid to stabilize imports, which are mainly arranged under long-term contracts.