Latest Gaz de France Stories

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

The combined ordinary and extraordinary Suez shareholders' meeting has approved by nearly 100% the six resolutions presented to deliberate and decide upon transactions necessary for the Suez-Gaz de France merger. The resolutions which were approved include the market listing of Suez Environment, and distribution to Suez shareholders of 65% of the capital of Suez Environment. The merger between Suez and Gaz de France (GDF) will reportedly create a world energy leader with top-flight...

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...

2008-07-08 09:01:01

Gaz de France and Acea have decided to set up a joint venture with Gas Plus for the conversion of depleted gas deposits into a natural gas storage facility on the San Benedetto del Tronto site, in the Marche region of Italy. Gaz de France (GDF) and Acea will own 51% of the joint venture (JV), with the remaining 49% held by Gas Plus, which will also be responsible for operating the site. To take part in the development, GDF and Acea have previously entered a partnership with a 70% and 30%...

2008-07-07 09:00:55

French energy major Gaz de France and Bulgargaz Holding have signed a memorandum of understanding in relation to the security of gas supply and the development of the gas market in southeastern Europe. The agreement was signed by Jean-Francois Cirelli, chairman and CEO of Gaz de France (GDF), and Lyubomir Denchev, chairman and CEO of Bulgargaz Holding, in Paris, France.

2008-06-30 06:02:44

Gaz de France has entered into an agreement with PowerGas, a wholly owned subsidiary of Singapore Power, to jointly build and operate Singapore's first liquefied natural gas terminal. Gaz de France will hold a 30% share in the project company. The terminal will be built on a 30-hectare site on Jurong Island, Singapore. It is scheduled to be operational in 2012, and will have an initial capacity of three million tonnes per annum (mtpa). After the success of Petronet LNG in India, in which...

2008-06-18 06:00:29

Energy major Gaz de France and Credit Agricole-owned banking firm LCL have begun the sale of fixed-price natural gas and electricity contracts to retail customers throughout France. Gaz de France (GDF) noted that, with almost 1,200 contracts sold in the space of six months in the trial regions of the Loire Valley and Normandy, this partnership has satisfied the expectations of a retail clientele looking for simplicity and efficiency. The trial has reportedly demonstrated the potential for...

2008-06-02 06:00:28

French energy major Gaz de France and Norway-based liquefied natural gas transport and shipping firm Hoegh LNG have signed a joint development agreement related to the design, construction supervision and the operation of the floating, storage and regasification unit of the Triton LNG project in the Adriatic Sea. The partnership will reportedly ensure that the most up to date technology will be brought to the Triton project, an offshore liquefied natural gas (LNG) project being developed by...

2008-05-05 09:01:10

By Terry Murden GAZ de France and a number of American energy giants are thought to be considering a move on British Energy ahead of this week's deadline for bids. Sources say Gaz de France has plenty of cash even after buying a power station on Teesside, a move that indicated its desire to grow in the UK. Gaz de France and international industrial and services group Suez, through its subsidiary Electrabel, each acquired a 50 per cent stake in Teesside Power Limited from Cargill and...

2007-11-06 12:00:35

Gaz de France has acquired a 45% stake in the Alam El Shawish West license in Egypt from Vegas Oil & Gas. Covering 1,075 sq km, the license is located in the Abu Gharadig Basin (western desert), approximately 250km southwest of Alexandria. Several significant discoveries have already been made there, and an exploration program is still underway. Oil production is to begin very shortly, followed by natural gas production in the years to come. Vegas Oil & Gas will remain the operator...

Word of the Day
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.