GDF SUEZ is a leading purchaser and supplier of liquefied natural gas (LNG) to the United States and countries around the world and has a proven history of safety, reliability, and innovation.
"Analysis of Alternative Winter Reliability Solutions for New England Energy Markets"
A new in-depth report analyzing energy reliability in New England during extreme winter conditions has concluded that the proposed electric ratepayer funding of additional pipeline capacity is a costly and risky proposition in terms of both ratepayer expense and a healthy energy market in New England. Energyzt Advisors, LLC, a global collaboration of energy experts, conducted the study after the record-breaking winter of 2014-15, which actually saw a decrease in energy prices.
As Seen on Platts Energy Week:
"GDF SUEZ Eyes Northeast Energy Markets"
"Despite all the action surrounding U.S. liquefied natural gas (LNG) exports, one of the nation’s oldest LNG import terminals has been chugging right along. Part of a huge global energy player, GDF SUEZ Gas NA is the continent’s largest LNG supplier, largely through the Everett terminal just outside of Boston. Sitting in energy-constrained New England, the company is looking to play a bigger role in solving the region's winter heating problems. Platts Energy Week sat down with CEO Frank Katulak." Click on the video below to view.
North American Imports
In North America, GDF SUEZ draws LNG from countries around the world, including Trinidad, Yemen, Egypt, and Norway. Today Trinidad is the primary source of the company’s LNG because of the country’s relative proximity to North American markets and its proven reserves in excess of 20 trillion cubic feet.
More than four decades ago, The Distrigas LNG Import Terminal is the longest-operating facility of its kind in the United States. In December 2010, the Everett terminal was the first U.S. LNG facility to achieve the milestone of receiving 1,000 LNG cargoes. The facility has connections with two interstate pipeline systems, as well as a local gas utility’s distribution system. It serves nearly all of the gas utilities in New England and also key power producers, including a direct connection to a neighboring 1,550-megawatt power plant capable of generating enough electricity for about 1.5 million homes in Greater Boston.the management of the GDF SUEZ subsidiary Distrigas of Massachusetts LLC saw the future in LNG, a fuel that many in the energy industry summarily dismissed at the time. Since receiving its first shipment to the LNG Import Terminal in Everett, Mass., in November 1971, the company has been a driving force in the adoption of this safe, clean-burning fuel in North America. In the 1970s, the company employed LNG to mitigate New England’s regional energy crisis. Today, we are building on our reputation for developing innovative, flexible solutions that meet a wide range of energy needs of a growing and diverse customer base.
For more than 40 years, the Everett LNG terminal has also been the primary supplier of LNG to a network of 46 utility-owned, above-ground LNG storage tanks that meet New England’s natural gas storage needs. Because of the geological conditions in the region, underground natural gas storage is not feasible.
North American Exports
Given the new discoveries and recent technological advancements in extracting natural gas, the United States is the world’s leading producer of natural gas. This means the country has so much natural gas that it is able to export some excess supplies to other nations in need. Natural gas experts and economists report that LNG exports will strengthen the nation’s economy, create jobs, and enhance geopolitical relationships by supplying a much-needed energy resource to our trade partners.
Cameron LNG Export Terminal—Hackberry, La.
GDF SUEZ also has a stake in the development of the Cameron LNG Export Terminal in Hackberry, La. Cameron LNG has received approval from the Department of Energy to export up to about 1.7 billion cubic feet per day of domestic natural gas to current and future Free Trade Agreement countries. The facility is expected to begin operation in early 2018.