GDF SUEZ Gas: Non-Binding LNG Supply Offering

Marinelink.com
Monday, September 16, 2013

Company plans to supply LNG to the northeastern U.S. via its advance LNG Project
 

GDF SUEZ Gas NA has announced  the advanceLNG Project, an initiative to provide attractively priced LNG to a wide array of customers in the U.S. Northeast. Starting today through December 31, 2013, GDF SUEZ Gas NA is accepting non-binding bids for LNG supply from the proposed project.  
 

While LNG from GDF SUEZ Gas NA's facility in Everett, Massachusetts has helped for more than 40 years to assure sufficient supplies of natural gas in New England, particularly during the coldest winter periods, the LNG market has vastly expanded. Abundant domestic supplies of natural gas, high fuel oil costs, more stringent environmental regulations, and technological developments have expanded the market for LNG use in:

 

- Vehicle fuel for long-haul trucking, marine vessels and railroad locomotives;

- Commercial and industrial applications including heat, power, and process needs of businesses without access to pipeline natural gas; and

- High horsepower applications, such as generators for oil and gas exploration and production.


By aggregating demand from many users, GDF SUEZ Gas NA plans to offer more attractive pricing than would otherwise be achievable by individual consumers building a facility solely to meet their own needs.


"Today, we are pleased to expand our product offering with the advanceLNG Project, which would serve both new and existing demand by providing reliable and cost-effective LNG supply," said Frank Katulak, Senior Vice President of Operations of GDF SUEZ Gas NA. "For more than four decades, we've supplied LNG to customers in the Northeast via tanker truck and pipeline deliveries, and we look forward to bringing more supply to the region."

 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

Experimental Floating Wind Farm Nears Installation

Launched in March 2012, the Fukushima experimental offshore floating wind farm project sponsored by the Ministry of Economy, Trade and Industry is nearing the installation

Vale CEO: Coal Deal Soon

Brazilian mining company Vale SA is close to making a "strategic" announcement concerning its coal unit, the company's chief executive Murilio Ferreira said on

NAO Announces Financials, Declares Dividend

Nordic American Offshore Ltd. has declared a dividend of $0.45 per share for 3Q2014, as previously announced. This is the same dividend as for the previous two quarters.

LNG

US Natgas Exports Would Raise Energy Prices but Boost Economy

Expanded U.S. liquefied natural gas exports would mean a modest price increase for domestic consumers, but the higher costs would be offset by a boost to the economy, the U.

Korean Register to Drive LNG Fuelled Shipping

Korean Register (KR) will work alongside the Asia-Pacific Economic Cooperation Secretariat (APEC) to promote the use of LNG fuelled ships in the APEC region. APEC

Minimize the Risks, Think Cold Bonding

Cold bonding: a safer alternative to hot work Hot work required for welding, grinding and cutting operations presents certain potential hazards when conducted

News

Vale CEO: Coal Deal Soon

Brazilian mining company Vale SA is close to making a "strategic" announcement concerning its coal unit, the company's chief executive Murilio Ferreira said on

Braemar Hosts Insurance Experts

Braemar (incorporating The Salvage Association) welcomed an invited group of marine insurance professionals onto its specialist port and shipyard familiarization

NAO Announces Financials, Declares Dividend

Nordic American Offshore Ltd. has declared a dividend of $0.45 per share for 3Q2014, as previously announced. This is the same dividend as for the previous two quarters.

Logistics

Kirby Corp. Announces Record 3Q Results

Record 2014 third quarter earnings per share of $1.34 compared with $1.21 in the 2013 third quarter, which included a $0.08 benefit due to the reduction of the United earnout liability.

Vale Financials Disappoint; Iron Ore Prices, Currency Cited

Brazil's Vale posted a surprise loss of $1.44 billion on Thursday, hurt by a fall in the price of iron ore, higher production costs and a weakening Brazilian currency.

US Natgas Exports Would Raise Energy Prices but Boost Economy

Expanded U.S. liquefied natural gas exports would mean a modest price increase for domestic consumers, but the higher costs would be offset by a boost to the economy, the U.

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1549 sec (6 req/sec)