GDF Suez LNG revenues on the rise

GDF Suez of France said that revenues for its Global Gas and LNG Business came to EUR 5,163 million in the first nine months of this year, up 19.1% compared with the end of September 2013.

The change in contributory revenues is mainly explained by a 30 TWh increase in external sales of LNG to 91.3 TWh totaling 109 cargoes (of which 54 to Asia) at the end of September, versus 61.5 TWh totaling
68 cargoes at the end of September 2013 (of which 49 to Asia) and to a lesser extent by the full consolidation of GTT following its IPO in February, GDF said in a statement.

Total hydrocarbon production at the end of September  was at 39.3 Mboe, versus 39.5 Mboe at the end of September 2013.

For the full year, the level of hydrocarbon production will benefit from the restart of Njord in Norway and from the commissioning of the fields of Juliet in the UK (January), Amstel in the Netherlands (February), and Gudrun and H-North in Norway (respectively in April and September), according to the statement.

GDF’s total revenues were at EUR 54,484 million, down 7.5% on a gross basis and 7.3% on an organic basis compared to September 2013.

LNG World News Staff