Gdf suez london

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Contact your local office for all commercial or promotional uses. Restricted editorial rights elsewhere, please call local office. Editorial :. Date created:. License type:. Release info:. Not released. The Global Gas and Liquefied Natural Gas segment is in charge of the exploration and production of natural gas and oil, supply and shipping of natural gas and liquefied natural gas, and energy trading.

The Infrastructures segment builds and operates large natural gas transport infrastructures, regasification terminals, and distribution networks. The Energy Services segment provides comprehensive multi-technical service packages, engineering, urban heat and cooling network management, design, construction, and operation of industrial and tertiary energy facilities. It also provides water treatment engineering and manages storage activities.

The company was founded on April 8, and is headquartered in Courbevoie, France. Suez was and still remains, through GDF SUEZ as one of the oldest continuously existing multinational corporations in the world as the result of nearly two centuries of reorganisation and corporate mergers.

Suez S. The plan for a merger between Gaz de France and Suez came under fire from the whole of the political left, which feared the loss of one of the last ways of preventing the price rises experienced over the previous three years, and by the social Gaullists and trade unions.

In August , the left-wing opposition submitted a record-breaking , amendments to the proposed legislation. Under normal procedure, parliament would have been required to vote on the amendments, which would have taken 10 years.

The French Constitution does give the government options to bypass such a filibuster, but in the end these were not used. Law No. On 3 September , Gaz de France and Suez announced agreed terms of merger, on the basis of an exchange of 21 Gaz de France shares for 22 Suez shares via the absorption of Suez by Gaz de France. Suez, meanwhile, was forced to reduce its shareholding in natural gas distributor Fluxys and sell its Belgian gas supply subsidiary Distrigas toEni.

It was the second biggest fines imposed by the European Commission and first one on the energy sector. The deal was abandoned in The project, planned in North Africa, aims to promote and develop a Euro-Mediterranean electricity network of 20GW installed generating capacity, with 5GW being devoted for exports to Europe.

The medgrid together with the German initiated Desertec project would serve as the backbone of the European Supergrid.