GDF Suez to sell LNG to Taiwan

March 31, 2014

France's GDF Suez on March 28 agreed its first long-term liquefied natural gas (LNG) sales into Asia, signing a deal with Taiwan's state-run energy firm CPC as regional demand for the commodity surges, Reuters has reported.

GDF Suez will deliver 800,000 tonnes of LNG per year to CPC over a 20-year period starting in 2018. The gas will be sourced from the proposed Cameron LNG plant in the United States where the French energy giant owns 4 million tonnes of export capacity per year.

The company has also signed other as-yet unannounced deals to export U.S. LNG to companies in Japan, China and Chile among others, which were first reported by Reuters in January.

Copyright: Reuters, 2014