GDF Suez said it has signed a heads of agreement with CPC Corporation of Taiwan to deliver 800,000 tons per year of LNG to CPC on a 20-year period starting 2018.
LNG will be sourced from the Cameron LNG plant in the USA. The Cameron LNG export project which partners are GDF Suez, Sempra, Mitsubishi and Mitsui has received conditional approvals from the US Department of Energy and partial agreement from the Federal Energy Regulatory Commission and is likely to be firmly sanctioned within the course of this year.
Jean-Marie Dauger, Executive Vice-President of GDF Suez, in charge of Global Gas & LNG business line , said: “This sales agreement, the first of its kind, will contribute to export natural gas – including shale gas – produced in the US – to the global LNG market and will contribute to diversification and security of energy supply. It will also be a part of GDF SUEZ ambition to deepen its role into the Asia-Pacific region and to expand long term supply into a region where LNG demand for the future is high. We are pleased to be among the first movers in the export of shale gas from the US and to enter into a long term relationship with CPC and to contribute to the security of energy supply also in Asia.”