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Latest Gérard Mestrallet Stories

2014-02-12 08:22:19

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...

2011-07-05 11:27:00

NEW YORK, July 5, 2011 /PRNewswire/ -- GDF SUEZ and International Power (70% owned by GDF SUEZ) are pleased to announce that the Astoria Energy II plant in New York City commenced commercial operation on July 1. The 575MW gas-fired project, in which IPR-GDF SUEZ North America has a 30% equity interest, will sell its entire output to the New York Power Authority under a 20-year contract. The total project cost of Astoria Energy II is approximately US$1.3 billion (euro 0.9 billion)....

2009-07-08 09:20:24

French energy giant GDF Suez said it would appeal a $770 million European Commission fine imposed for anti-competitive practices. The commission fined GDF Suez and German energy firm E.On $770 each on Wednesday for a secret agreement made in 1975 in which they agreed not compete across national boundaries, the British Broadcasting Corp. reported Wednesday. The collusion canceled their customers' chances of reduced prices that would have resulted in a competitive environment, the commission...

2008-12-02 03:52:00

PARIS, December 2 /PRNewswire-FirstCall/ -- For the purposes of the concession it received in 2001, GDF SUEZ has just completed construction of the Sao Salvador hydro-electric plant along the Tocantins River between the States of Tocantins and Goias in northern Brazil. Sao Salvador is the Group's 15th power plant in Brazil and it required a EUR307 million investment. Production for the Sao Salvador Dam (148 MW) has been sold by auction, for a total amount of EUR2 billion, over a...

2008-07-22 09:01:04

GDF Suez has stated that if it lost control of the Zeebrugge liquefied natural gas terminal in Belgium as part of its obligation to reduce its stake in the terminal's operator Fluxys, it would consider developing its gas hub elsewhere, according to Reuters. Suez was required to decrease its stake in Fluxys to below 45% from 57.25% to meet EC regulatory requirements, as a pre-condition to its merger with Gaz de France. Suez sold a 12.5% interest to UK-based Ecofin. The news source reported...

2008-07-17 09:01:12

Suez shareholders on Wednesday overwhelmingly approved a long- delayed euro 100 billion merger with Gaz de France to create one of the largest electricity and natural gas groups in Europe. The GDF Suez group - the union of the largest European natural gas supplier and one of the world's biggest electricity producers - will have combined annual sales of euro 74 billion, or $117 billion, and vie with E.ON of Germany for the rank of the second-biggest utility on the Continent, behind...


Word of the Day
penuche
  • A fudgelike confection of brown sugar, cream or milk, and chopped nuts.
'Penuche' is a variant of 'panocha,' a coarse grade of sugar made in Mexico. 'Panocha' probably comes from the Spanish 'panoja, panocha,' ear of grain.
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