GDF Suez forms new enterprise with global LNG unit
French LNG player GDF Suez said that it has decided to launch an enterprise project that will accelerate the group’s growth and meet the demands of the rapidly changing environment.
This enterprise project will be based on the creation of twenty-four operational entities according to a region-centred approach within a single country or a group of countries. More decentralised, these entities will shorten response times, the company informed in a statement.
The group will form ten geographical units, namely: North America; Latin America; Brazil; Africa; China; Asia-Pacific; Southern Asia/Middle East; Benelux; Northern, Central and Southern Europe; and the United Kingdom. They will have responsibility, under a single authority, for controlling all the group’s business lines in the area in question.
France, given its size and the presence of regulated entities, will be handled in a special way. It will include eight entities, four of which will specialise in gas infrastructure (transport, distribution, terminals, and storage) and whose scope will remain unchanged, and four entities related to BtoB, BtoC, networks, and renewables.
Five global steering entities, in light of the global scope of their activities, will complement the operational entities: E&P; LNG; EMT; Tractebel Engineering; and GTT.
The functional lines will be directed by a single corporate body, the NewCorp that is a result of merging the branch corporate with the group corporate.
LNG World News Staff; Image: GDF Suez