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ENERGY TECH
GDF Suez to send U.S. LNG to Taiwanese market
by Daniel J. Graeber
Washington DC (UPI) Mar 28, 2014


Iran launches floating gas export terminal
Washington DC (UPI) Mar 28, 2014 - Iran announced Friday it launched operations at its first-ever floating gas condensate export terminal in the waters of the Persian Gulf.

Iran in January exported 878,631 tons of gas condensate. Pirouz Mousavi, managing director of the Iranian Oil Terminals Co., said the facility could help Iran get more oil and gas from a southern economic trade zone.

"The terminal, which facilitates the export of 600,000 barrels of gas condensate per day, can help Iran boost its capability to export both crude oil and condensate," he said.

Customs officials in Iran say gas condensate accounts for more than 60 percent of the commodities exported from the southern economic zone.

Iran has touted its oil and gas export potential since reaching an interim nuclear agreement with Western negotiators in November.

Iranian President Hassan Rouhani said Thursday energy products from Iran were re-entering the global market as expected.

"As far as oil exports are concerned, we exported oil as we had predicted and this is very important," he said.

Iran secured relief from sanctions in exchange for agreement to curb its nuclear research activity. Many of the sanctions on its energy sector remain in place.

[Fars News Agency]

French energy company GDF Suez said Friday it signed an agreement with counterparts in Taiwan to deliver liquified natural gas sourced from the United States.

Under the terms of an agreement with CPC Corp. of Taiwan, GDF Suez will deliver 800,000 tons of LNG from the Cameron export facility in Louisiana for a 20-year period starting in 2018.

"This sales agreement, the first of its kind, will contribute to export natural gas, including shale gas produced in the United States, to the global LNG market and will contribute to diversification and security of energy supply," Jean-Marie Dauger, executive vice president at GDF Suez, said in a statement.

Asian economies are taking on more oil and natural gas to meet their growing demands. Dauger said his company is one of the first to move ahead with gas exports from the U.S. to the Asian market.

There was no statement on the deal from the Taiwanese company. Taiwan, an island nation, is limited in terms of pipeline options for natural gas.

The U.S. Department of Energy in February gave its approval for exports from the Cameron LNG terminal to countries that don't have a free-trade agreement with the United States.

There are more than 20 applications pending for non-FTA exports of LNG. The federal government needs to weigh such projects against the public's interest before giving its consent.

.


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