GDF Suez mulls Indonesian LNG

Deal part of gas growth strategy, executive says.
By Daniel J. Graeber Follow @dan_graeber Contact the Author   |   June 23, 2014 at 9:48 AM

PARIS, June 23 (UPI) -- French energy company GDF Suez said Monday it was looking at the prospects for building an onshore liquefied natural gas terminal in Indonesia.

The company said it signed a cooperation agreement with its regional counterparts, Perusahaan Gas Negara, related to a feasibility study for the LNG terminal in northern Java.

"This partnership is an important new example of the group's development strategy for international gas infrastructures that will facilitate access to energy supplies for countries experiencing rapid growth," Jean-Claude Depail, an executive in charge of infrastructure for the French company, said in a statement.

An October report on Southeast Asia from the International Energy Agency said the region's energy demand is expected to soar by more than 80 percent through 2035.

IEA says the region will need around $1.7 trillion of investment in energy infrastructure in the period to 2035.

GDF Suez offered no information on planned output from the LNG terminal or when it expected further investment decisions.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Topics: GDF Suez
Latest Headlines
Top Stories
Compact cannon for British armored vehicles
Kraft-Heinz merger forms world's fifth-largest food-beverage company
Ford recalls 432,000 North American vehicles over software bug
Aetna to acquire Humana for $37 billion in cash, stocks
New Zealand military receives medium heavy military trucks