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Gas supply
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Market volatility, cold weather spells, potential supplier failure… Whatever happens, GDF SUEZ guarantees its customers an uninterrupted supply of natural gas throughout the year. To be able to do so, the Group relies on a supply portfolio that is one of most diversified in the world and a presence throughout the gas chain.
The challenges of gas supply
The global natural gas market is characterized by:
- constantly-increasing demand in global energy consumption, estimated at +1.4% each year,
- a strong degree of reserve concentration, mainly in areas far from consumption locations,
- high transportation costs, which constitute a significant portion of the final price of gas.
In 2011, over 60% of natural gas consumed in the European Union was imported: from Russia, Norway, Algeria, etc. In 2030, this dependency should reach nearly 66%.
To guarantee all customers a natural gas supply at a competitive price, GDF SUEZ uses a strategy of supply source diversification.
The most diversified portfolio in Europe
With close partnerships maintained over many decades, GDF SUEZ is a key natural gas purchaser for major world producers, with whom the company signs long-term contracts.
The Group has the most diversified portfolio in Europe, with more than a dozen supplier countries, the largest of which represents only a 20% share. These long-term contracts cover nearly 75% of the Group’s requirements in Europe.
A key player in energy trading in Europe
In addition to long-term contracts, GDF SUEZ acts directly in the short and medium markets through its subsidiary, GDF SUEZ Trading. The use of the flexibilities inherent in long-term contracts and its capacities of transportation and storage infrastructures allow the Group to adjust supply to its requirements while optimizing the entire portfolio.
Key industrial assets for supply security
- GDF SUEZ is an integrated player of the gas chain: the Group provides the logistics for transporting gas supply at each stage until delivery. This position gives it the flexibility necessary for the dynamic management of gas flows at any point in the process, upstream to downstream.
- As the leading gas purchaser and largest transportation and distribution network in Europe, GDF SUEZ is a key player and takes part in large-scale projects with operators such as Gazprom in Russia, Sonatrach in Algeria, as well as Statoil, Shell and Exxon Mobil. In June 2010, the Group entered the Nord Stream gas pipeline project, which will connect Russia to Europe via the Baltic. A key asset for supply security.
- Finally, GDF SUEZ is a key player in liquefied natural gas (LNG), which represents around 16% of its gas supplies. LNG makes it possible to link production sites that are not connected by gas pipelines to households requiring natural gas. In August 2010, GDF SUEZ delivered its first cargo of LNG to the terminal in Shanghai, marking the Group’s entrance on the Chinese LNG market.
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