GDF Suez's Tough 2010

摘要

GDF Suez net profits in 2010 inched higher, but its global gas operating earnings slumped by more than one-quarter. Like its peers, it is continuing with major asset divestments. Decoupling of gas and oil prices was the prime reason for the fall in Global Gas and LNG earnings before interest, taxes, depreciation and amortization (Ebitda), down 27% to european dollar 2.08 billion ($2.9 billion), as it trimmed sales volumes to key end-users by 12% by focusing on profitable rather than bulk sales. Upstream output too fell by 3% to 142,800 barrels of oil equivalent per day. Norway's Gjoa gas field, which started up in November, should help reverse that upstream decline: Operator GDF Suez has 30% equity in the roughly 4.5 Bcm/yr field.