GDF SUEZ Gas: Non-Binding LNG Supply Offering

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."