EDF Signs LNG Supply Contract With Gas Natural
Posted on: Friday, 15 February 2008, 03:00 CST
Electricite de France has signed a supply contract of liquefied natural gas with Gas Natural, for a total volume equivalent to four billion cubic meters, to be delivered from April 2009 at a rate of one billion cubic meters each year. Those volumes will contribute to supply a part of the French gas market.
According to Electricite de France (EDF), the agreement moves the company closer to its objective of increasing its gas business in Europe to 45 billion cubic meters by 2015 and complements the group's existing liquefied natural gas (LNG) positions: two supply contracts with the Qatar gas company, RasGas, one through the EDF subsidiary, Edison, for the planned terminal at Rovigo, Italy, and the other through the Zeebrugge terminal in Belgium.
EDF said that the contract is part of its strategy to strengthen its natural gas positions, and helps secure the group's supplies of natural gas so as to offer its customers a range of different energy sources and have access to competitive supplies of gas for electricity production.
Source: Datamonitor
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