GDF Suez H1 LNG sales climb

GDF Suez of France said its first half LNG sales rose 46 percent to 57 TWh, totaling 69 cargoes.

The company’s Global Gas & LNG business line reported an Ebitda of EUR 1,033 million, almost organically stable (-0.6%), reflecting the strong LNG arbitrage activity in Europe and Asia and the commissioning of many gas fields in Europe in Q2 2014.

GDF Suez’ revenues of EUR 39,415 million are in decrease of -6.3% (gross) compared to H1 2013 and in organic decrease of -5.4%. This decrease is mainly due to the impact of weather on gas sales in France, the company said.

The company’s Ebitda reached EUR 6,619 million, decreasing both on a gross basis (-14.2%) and on an organic basis (-9.9%). 

LNG World News Staff, August 4, 2014; GDF Suez