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[waldron] 02/7/2012 08:22

French Government Mulls Blocking Gas Tariff Increase -Report
Published July 02, 2012
Dow Jones Newswires

The French government is considering preventing a rise in regulated gas prices as demanded by GDF Suez (GSZ.FR), French daily Les Echos reports Monday, without citing sources.

GDF Suez had asked the regulator for a 5% increase in tariffs, based on a new formula for calculating them, Les Echos reports.

The French finance ministry wasn't immediately available to comment.

Newspaper website:

Write to William Horobin at [e-mail]



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[waldron] 29/6/2012 10:04

EU Court Cuts E.ON, GDF Fines for Sharing Natural Gas Markets
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Friday 29 June 2012
By Alessandro Torello
BRUSSELS--Europe's second-highest court Friday cut by more than 40% antitrust fines on Germany's E.ON AG (EOAN.XE) and France's GDF Suez SA (GSZ.FR), two of the region's biggest energy companies, citing an error in their calculation.
In 2009, the European Commission--which has antitrust powers in the European Union--had fined the two companies 553 million euros ($689 million) each for agreeing not to compete on each other's national gas markets. The court has now cut those fines to EUR320 million each.
"The General Court confirms the main points of the decision but finds that the Commission committed an error as regards the duration of the infringement on each of the markets," the court said in a statement.
Write to Alessandro Torello at [e-mail]

[waldron] 28/6/2012 18:23

GDF Suez: North Sea Juliet gas field project gets sanction
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Thursday 28 June 2012
Field operator GDF Suez E&P UK Ltd, a unit of GDF Suez SA (GSZ.FR) and its partners First Oil Expro Limited and Hansa Hydrocarbons Limited Thursday said that the Juliet subsea development in block 47/14b in the Southern North Sea gas basin has received project sanction.
MAIN FACTS:
- This latest milestone confirms GDF Suez E&P UK's commitment to the UKCS and plans for growth.
- First gas from Juliet is expected in 4Q 2013. Peak production is anticipated to be 80mmscfd(1) or 5 mmboe(2) per year. This will be the equivalent of 1% of the total 2011 annual British gas demand.
- "The development is in line with our strategy to increase our reserves and production through organic growth in our core regions," Jean-Claude Perdigues, GDF Suez E&P UK's managing director said.
- Two horizontal subsea wells will be tied back by an approximately 22km 12-inch diameter export pipeline and control umbilical to the Pickerill A platform operated by Perenco UK Ltd.
- The wells are expected to be spudded by 2Q 2013 with topsides and subsea construction taking place throughout 2013. The subsea contract will be awarded in summer 2012 and will comprise the installation of the control umbilical and export pipeline. The scope also includes the installation of a manifold, riser and J-tube on Pickerill A.
- Existing infrastructure will transport the Juliet gas from Pickerill A to the ConocoPhillips UK operated Theddlethorpe terminal on the Lincolnshire coast.
- GDF Suez E&P UK holds a 51.56% interest in the project with First Oil Expro Limited holding a 29.44% stake and Hansa Hydrocarbons Limited holding 19.00%.
-Write to Geraldine Amiel at [e-mail]

[waldron] 28/6/2012 07:44

International Power's shares suspended
By Benjamin Chiou

Thu 28 Jun 2012

IPR - International Power

Latest Prices
Name Price %
International Power 417.50p 0.00%

FTSE 100 5,524 0.00%
FTSE 350 2,928 0.00%
FTSE All-Share 2,863 0.00%
Gas, Water & Multiutilities 5,080 0.00%

LONDON (SHARECAST) - Shares of energy giant International Power (IPR) were suspended from trading on the London Stock Exchange (LSE) on Thursday morning as its takeover by parent company GDF SUEZ faced delays.

On April 16th, the companies announced that they had reached agreement on terms of a recommended cash offer for the remaining shares of IPR. This is to be effected by means of a court-sanctioned scheme of arrangement.

"Pursuant to the terms of the Scheme and Listing Rules 5.1 and 5.3, IPR announces that the listing of the IPR Shares on the Official List and trading of the IPR Shares on the London Stock Exchange has been suspended, effective from 07.00 today," the company said in a statement.

The court hearing to sanction the scheme and confirm the associated capital reduction was scheduled for yesterday and was expected to become effective today. However, the cancellation of the listing of the IPR shares on the official list in London and admission to trading of the IPR shares on the LSE did not take place and is now expected to take place by no later than 08:00 on July 2nd.

[waldron] 23/6/2012 15:49

..GDF Suez : support à 16.7.

Chart's – il y a 22 heures
....
Share0MailImprimer.....Sociétés :...GDF SUEZGDF SUEZ . ..COURS LIÉS.
.Symbole Cours Variation
GSZ.PA 17,67 0,19

......Sur les 5 derniers jours, le titre a peu évolué, gagnant 3.27%. Depuis le début de l'année, il est en baisse de 16.36%.

Du point de vue de l'analyse technique : le RSI est supérieur à sa zone de neutralité des 50. Le MACD est supérieur à sa ligne de signal et positif. La configuration est haussière à court terme. Enfin, le titre est supérieur à sa moyenne mobile 50 jours.
A noter que les volumes sont en hausse depuis quelques jours.

Graphiquement : les niveaux de résistances se situent sur : 18.6 puis 19.1. Tandis que les prochains supports sont sur : 17 puis 16.7.

Notre préférence : Le titre GDF Suez (Euronext: GSZ.NX - actualité) (GSZ) est haussier tant que 16.7 est support.

Le point d'invalidation de notre scénario est situé sur : 16.7.
Cours de référence : 17.7.
Copyright © CHARTS .

[waldron] 22/6/2012 08:12

French Government To OK 3 Hikes of Natural Gas Retail Prices - Report
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Friday 22 June 2012
The French government will likely authorize utility GDF Suez (GSZ.FR) to implement three increases of natural gas retail prices during the summer, newspaper Le Parisien reported Friday.
First, the French energy regulator is likely to approve a 4.5% price increase as part of the review carried out each quarter to adjust sales prices to GDF Suez supply costs.
Another increase, of about 2%, will be implemented to take into account rising transportation costs, the newspaper said.
A third increase, which would be as high as 4.4%, would be related to a court decision expected on a case brought by GDF against a freeze imposed by the government on gas price in 2011.
Newspaper Web site:
-Write to Inti Landauro at [e-mail]

[waldron] 22/6/2012 08:04

(Tradingsat.com) - CM-CIC Securities réitère sa recommandation d'« Achat » sur GDF – Suez, alors que le rapporteur du Conseil d'Etat a préconisé hier une hausse rétroactive des tarifs du gaz pour la période allant du 1er octobre au 31 décembre 2011.

« Même si la décision finale revient maintenant au Conseil d'Etat, qui dispose de trois semaines pour trancher, il s'agit d'une bonne surprise pour GDF Suez, écrit le broker. En effet, les risques politiques et régulatoires en France font partie des éléments pesant fortement sur la valorisation du titre ».

CM-CIC Laisse par ailleurs son objectif de cours sur le titre inchangé, à 25 euros par action.

[waldron] 20/6/2012 21:02

French Court Member Recommends Retroactive Rise In Natural Gas Prices -Report
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Wednesday 20 June 2012
France's highest administrative court should rule in favor of energy and utility company GDF Suez (GSZ.FR) in its fight against the government's decision to freeze the price of natural gas, a member of the court has recommended, according to an article posted by French business daily Les Echos on its website Wednesday.
The court member in charge of making recommendations to judges handling the case said that the decision to freeze prices in October didn't take into account the recent increase in wholesale costs, said Les Echos.
To help compensate for the missed revenue suffered by energy distributors the court member recommended allowing them to increase prices retroactively.
Last year, GDF Suez had appealed the government decision to freeze tariffs by taking the matter to the Conseil d'Etat.
The court is expected to rule on the matter within a month, said Les Echos.
Newspaper Web site:
-Write to Noemie Bisserbe at [e-mail]

[waldron] 20/6/2012 11:18

GDF SUEZ : Studies 2 Tidal Power Generation Projects
06/20/2012 | 05:50am

French utility and energy company GDF Suez SA (GSZ.FR) Wednesday said it started studies for of two projects to tide-generation electricity plans in France.

MAIN FACTS:

- Through these two projects, GDF Suez wants to be able to install and operate tidal power production units at these two sites from 2015, and become a leading player in renewable marine energy.

- The objective of GDF Suez at Raz Blanchard is to obtain approvals to install a pilot plant of three to six turbines representing power of three to 12 MW from 2015.

- To the south of the island of Ouessant off the Finistere coast, the Passage du Fromveur is the site of France's second strongest tidal current. GDF Suez wants to develop a tidal power plant here by 2016.

-Write to Inti Landauro at [e-mail]

[waldron] 18/6/2012 11:37

MOUVEMENTS ET NIVEAUX
Le titre est en phase de reprise technique. Il est au-dessus de sa moyenne mobile à 50 jours. Le support est à 15,74 EUR, puis à 15,45 EUR - la résistance est à 17,46 EUR, puis à 18,03 EUR.



Dernier cours : 17.1
Opinion : neutre
Tendance : neutre
Support : 15.74 / 15.45
Resistance : 17.46 / 18.03

[waldron] 18/6/2012 11:34

GDF SUEZ : en attendant l'avis sur les tarifs gaziers...
Le Crédit Suisse a légèrement relevé sa valorisation de GDF SUEZ, en la portant de 16 à 17 euros, ce qui ne modifie pas pour autant sa recommandation...

[waldron] 18/6/2012 08:29

Tradingsat.com) - CM-CIC Securities a abaissé jeudi son objectif de cours sur GDF Suez à 25 euros, contre 28 euros précédemment après avoir ajusté ses prévisions en tenant compte du rachat des minoritaires d'International Power et d'une augmentation de capital de 2,6 milliards d'euros. Ses estimations incluent en outre une disparition progressive de la déconnexion des prix du gaz sur le marché et des prix du pétrole d'ici fin 2013, ainsi qu'une répercussion des coûts d'approvisionnement en gaz aux clients français et un gel temporaire des tarifs en Belgique. Le broker maintient néanmoins son opinion "Achat" sur GDF Suez, jugeant que "les éléments négatifs ont été largement intégrés par le marché".

[waldron] 11/6/2012 14:40

Interfax reported that Russian gas giant Gazprom Group increased its exports of gas to non-CIS countries by 6% to 156.6 billion cubic meters in 2011.

Total gas consumption in Europe decreased by over 9% to 551 billion cubic meters in 2011 largely because of weather conditions such as the warm winter and cold summer in the majority of European countries.

Gazprom said agreements were reached in 2011 for adapting delivery terms with Edison, SinergieItaliane, GDF SUEZ, WIEH, Wingas and SPP. In accordance with these agreements, contract price formulas were modified with petroleum product indexation.

End consumers in Europe received 3.7 billion cubic meters in 2011. Total deliveries of gas to end consumers came to 4.7 billion cubic meters in 2010. Gazprom Group delivered 265.3 billion cubic meters of gas to Russian consumers in 2011 up by 1.2% from 2010. Total consumption of gas on the Russian market came to 473 billion cubic meters last year.

Total supply of liquefied natural gas by Gazprom Global LNG and Gazprom Marketing and Trading Singapore came to 2.3 million tonnes, 960,000 tonnes of which was LNG produced at the Sakhalin-2 project. Total LNG supply in 2010 came to 1.82 million tonnes including 1.6 million tonnes of Sakhalin-2 LNG.

Gazprom said that the traditional exporters of pipeline gas on the European market reduced total deliveries. For instance, supply from Libya decreased by 7.8 billion cubic meters and from Algeria, by 5.2 billion cubic meters. Supplies from Libya were halted between March and October 2011. Later, supply through the GreenStream gas pipeline to Italy was restarted but not at full capacity. In addition, gas production in European countries decreased. According to preliminary figures, this production decreased 7.4% to 288 billion cubic meters.

The decrease in European gas production was the result of declining reserves and increasing competition on the market. For instance, with lower prices on the market, the main producers found it more profitable to import gas instead of produce it in order to meet their delivery obligations. LNG producers in Qatar and Nigeria increased total exports to Europe.

Source - Interfax

(www.steelguru.com)

[waldron] 07/6/2012 10:46

GDF Suez Opens Singapore Trading Floor to Support Asia Operations
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Gdf Suez (EU:GSZ)
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Today : Thursday 7 June 2012
By Inti Landauro
French power company GDF Suez SA (GSZ.FR) Thursday said it has opened a trading floor in Singapore to handle the hedging of its exposure to energy prices in Asia, a region where the company seeks to expand.
"The reason for introducing GDF Suez Trading's operations in Singapore is to support the group's expansion in Asia-Pacific and to develop hedging offers for its customers and counterparties in the area," the company said in a statement. GDF Suez' counterparties include producers, transport operators, intermerdiaries and industrial companies.
The GDF Suez Singapore traders will handle contracts on crude oil, refined products, coal and Asian LNG. The floor will start with 12 traders and salesmen as well as a team of support staff.
GDF Suez intends to expand in Asia where the demand for energy is rising fast. The company already operates power generation, liquefied gas and exploration-production in the region.
Write to Inti Landauro at [e-mail]

[waldron] 07/6/2012 07:19

GDF Suez (GSZ) SA, Europe's largest power utility by market capitalization, began operations this week at the Singapore office of wholly owned subsidiary GDF Suez Trading.

The trading center will offer risk management and energy- price hedging for other companies in the Courbevoie, France- based GDF Suez group and for customers.

"The choice of Singapore was quite obvious," said Phillipe Vedrenne, deputy chief executive officer. "Singapore is the hub of energy trading."

The 12-person office opened with three sales specialists and two traders, Angel Archuleta, previously with Societe Generale SA, and Thierry Moreau. GDF will trade oil and coal derivatives and plans to add physical coal trading next year, Vedrenne said. The team will grow to 25 people by the end of next year, said Eric Simon, Asia Pacific chief representative.

The trading division shares an office with GDF Suez's liquefied-natural-gas division and will support the sister company with hedging.

"In Asia, the gas business is still oil driven," Vedrenne said. "You need to be able to trade crude properly and all the oil-related products, more or less all the barrel if you want to be active."

Singapore will begin imports of LNG in 2013 and has a contract with Berkshire, England-based BG Group to buy as much as 3 million metric tons a year until 2023. The government will decide this year how it will bring in additional supplies, Neil McGregor, managing director of Singapore LNG Corp., said Nov. 8.

Asia LNG
"We'll see if there is something here in terms of opportunities" for future supplies to Singapore, Vedrenne said. "The group might contemplate what sort of operations can be organized around the terminal."

Asia will be short of LNG through 2018 amid a surge in demand from countries including China and Japan, according to Wood Mackenzie Ltd.

China's LNG imports may rise to 30 million metric tons a year in 2015, according to the consulting firm's estimates.

Japan, the largest LNG buyer in the world, will consume as much as 90 million metric tons by 2025 as the country's nuclear- power capacity shrinks following last year's Fukushima disaster, Shigeru Muraki, chief executive of Tokyo Gas Co.'s energy solution division, said June 6 at the World Gas Conference in Kuala Lumpur.

Indonesia, the world's second-largest exporter of LNG, will seek to import overseas cargoes to meet rising domestic demand, R. Priyono, the head of the nation's petroleum regulator BPMigas, told Bloomberg on May 9.

GDF Suez Trading was created in May 2011 after the merger of Gaselys SAS and Electrabel SA.

To contact the reporter on this story: Ramsey Al-Rikabi in Singapore at [e-mail]

To contact the editor responsible for this story: Alexander Kwiatkowski at [e-mail]

[waldron] 06/6/2012 13:26

GDF Suez : l'Etat pointe à 36,4% du capital.

(CercleFinance.com) - L'Etat français détenait près de 36,4% du capital et des droits de vote de GDF Suez après la décision du groupe énergétique de payer une partie de son dividende en actions.

[waldron] 04/6/2012 14:42

MOUVEMENTS ET NIVEAUX
Le titre est orienté à la baisse. Il est sous sa moyenne mobile à 50 jours située à 17,4 EUR. La moyenne mobile à 20 jours est inférieure à la moyenne mobile à 50 jours. Notre premier support est à 14,82 EUR, puis à 14,42 EUR et la résistance est à 16,83 EUR, puis à 17,24 EUR.



Dernier cours : 15.95
Opinion : positive
Tendance : baissière
Support : 14.82 / 14.42
Resistance : 16.83 / 17.24