GDF SUEZ Gas NA LLC Announces Non-Binding LNG Supply Offering
Company plans to supply liquefied natural gas (LNG) to the northeastern U.S. via its advanceLNG Project
HOUSTON, Sept. 16, 2013 /PRNewswire/ -- GDF SUEZ Gas NA announced today the advanceLNG Project, an initiative to provide attractively priced LNG to a wide array of customers in the U.S. Northeast. Starting today through December 31, 2013, GDF SUEZ Gas NA is accepting non-binding bids for LNG supply from the proposed project.
While LNG from GDF SUEZ Gas NA's facility in Everett, Massachusetts has helped for more than 40 years to assure sufficient supplies of natural gas in New England, particularly during the coldest winter periods, the LNG market has vastly expanded. Abundant domestic supplies of natural gas, high fuel oil costs, more stringent environmental regulations, and technological developments have expanded the market for LNG use in:
- Vehicle fuel for long-haul trucking, marine vessels and railroad locomotives;
- Commercial and industrial applications including heat, power, and process needs of businesses without access to pipeline natural gas; and
- High horsepower applications, such as generators for oil and gas exploration and production.
By aggregating demand from many users, GDF SUEZ Gas NA plans to offer more attractive pricing than would otherwise be achievable by individual consumers building a facility solely to meet their own needs.
"Today, we are pleased to expand our product offering with the advanceLNG Project, which would serve both new and existing demand by providing reliable and cost-effective LNG supply," said Frank Katulak, Senior Vice President of Operations of GDF SUEZ Gas NA. "For more than four decades, we've supplied LNG to customers in the Northeast via tanker truck and pipeline deliveries, and we look forward to bringing more supply to the region."
More information will be communicated via a live webinar on Tuesday, October 3 at 3:00 PM eastern time. Interested parties can register to attend the webinar at www.advanceLNG.com/webinar or log on to www.advancelng.com for further information.
About GDF SUEZ Gas NA
GDF SUEZ Gas NA is a subsidiary of GDF SUEZ Energy North America, which manages a range of energy businesses in the United States, Mexico, and Canada. These businesses include electricity generation and cogeneration, natural gas and liquefied natural gas (LNG) distribution and sales, asset-based trading and origination, and retail energy sales and related services to commercial and industrial customers. GDF SUEZ Gas NA owns and operates an LNG receiving terminal in Everett, Mass., which began operations in 1971 and currently serves most of the natural gas utilities in New England and key power producers through both pipeline deliveries and an average of 10,000 tanker truck deliveries of LNG each year. To learn more, please visit www.gdfsuezna.com and www.gdfsuez.com.
SOURCE GDF SUEZ Gas NA
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